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Çap and Sehil Insaat Endustri ve Ticaret Limited Sti v Turkmenistan, Decision on respondent’s objection to jurisdiction under article VII(2) of the Turkey-Turkmenistan Bilateral Investment Treaty, ICSID Case No ARB/12/6, IIC 676 (2015), despatched 13th February 2015, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Çap and Sehil Insaat Endustri ve Ticaret Limited Sti v Turkmenistan, Decision on respondent’s objection to jurisdiction under article VII(2) of the Turkey-Turkmenistan Bilateral Investment Treaty, ICSID Case No ARB/12/6, IIC 676 (2015), despatched 13th February 2015, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

The proper meaning and effect of the dispute settlement clause in Article VII(2) of the Agreement between Turkey and Turkmenistan concerning the reciprocal promotion and protection of investments (2 May 1992), entered into force 13 March 1997, and in particular whether that provision imposed a mandatory jurisdictional requirement to submit the dispute to the municipal courts before initiating arbitration.

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