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SOCOMET Incorporated, Memorandum of determinations, IIC 1026 (1973), 14th May 1973, Chile (OPIC), United States; Overseas Private Investment Corporation [OPIC]

Reporter(s)

Mark Kantor, Michael D Nolan, Karl P Sauvant

SOCOMET Incorporated, Memorandum of determinations, IIC 1026 (1973), 14th May 1973, Chile (OPIC), United States; Overseas Private Investment Corporation [OPIC]

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 18 October 2019

Whether the funds on the basis of which SOCOMET claimed constituted ‘investment earningsߣ.

Whether SOCOMET was prevented for 30 consecutive calendar days from eff ecting a transfer of local currency by operation of an administrative determination by the Central Bank of Chile, ie whether there was active blockage.

Whether SOCOMET took all reasonable steps to effect transfer of the relevant Argentine pesos into US dollars.

Whether the inability of transfer resulted from a regulation in place on the date of the OPIC contract of guaranty.

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