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Gold Reserve Incorporated v Venezuela, Award, ICSID Case No ARB(AF)/09/1, IIC 660 (2014), despatched 22nd September 2014, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Reporter(s)

Uju Ezejiofor-Obasi

Gold Reserve Incorporated v Venezuela, Award, ICSID Case No ARB(AF)/09/1, IIC 660 (2014), despatched 22nd September 2014, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. date: 23 October 2019

Whether approvals, assurances, delays and inaction by the Respondent generated legitimate expectations on the part of the Claimant for the purposes of making a finding under the Fair and Equitable Treatment (‘FET’) Standard.

Whether the Respondent’s failure to follow administrative due process even in the face of Claimant failure to comply with key provisions of the Concession contracts amounted to a breach of the FET standard.

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