Jump to Content Jump to Main Navigation
Bank of America, Memorandum of determinations, IIC 1039 (1974), 15th January 1974, Chile (OPIC), United States; Overseas Private Investment Corporation [OPIC]

Reporter(s)

Mark Kantor, Michael D Nolan, Karl P Sauvant

Bank of America, Memorandum of determinations, IIC 1039 (1974), 15th January 1974, Chile (OPIC), United States; Overseas Private Investment Corporation [OPIC]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. date: 19 August 2019

Whether the funds on the basis of which Bank of America (‘BoA’) claimed constituted ‘investment earnings and return of capital during the guaranty period’.

Whether BoA was prevented for fifteen consecutive calendar days from effecting a transfer of local currency by operation of an administrative determination by the Central Bank, ie whether there was active blockage.

Whether BoA took all reasonable steps to effect transfer of the relevant Chilean escudos (the local currency) into US dollars.

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.