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Reporter(s)

Ahmed Abdel-Hakam

ConocoPhillips Petrozuata BV and ors v Venezuela, Award, ICSID Case No ARB/07/30, IIC 1530 (2019), despatched 8th March 2019, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 24 September 2022

The determination of the law applicable to the investors’ claim for damages.

To what extent the Tribunal should apply the bilateral investment treaty (‘BIT’) compensation standard provided in the applicable BIT as opposed to the standard contained under Venezualen law.

The scope of the standard for compensation.

The test for avoiding double recovery from the claimant.

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