Hostname: page-component-586b7cd67f-t7czq Total loading time: 0 Render date: 2024-11-24T20:34:39.398Z Has data issue: false hasContentIssue false

Amco Asia Corporation and Others v. The Republic of Indonesia

ICSID (Arbitration Tribunal).  25 September 1983 ; 09 December 1983 ; 20 November 1984 ; 16 May 1986 ; 10 May 1988 ; 31 May 1990 ; 10 October 1990 .

Published online by Cambridge University Press:  01 January 2021

Get access

Abstract

Expropriation — Taking of property — Contractual rights — Company entitled to share in profits from hotel — Whether takeover of hotel a taking of rights under the contract — Whether causing loss — Principles of international law regarding expropriation — Concept of acquired rights — Due process Measure of compensation

Nationality — Companies — Corporate group — Company investing in foreign State — Wholly —owned subsidiary incorporated in State of investment Whether treated as foreign business for purpose of international law — Parent company’s existence determined by law of State of incorporation

State responsibility — For injury to aliens — Duty to protect aliens — Duty to protect from arbitrary action by officials — State responsibility for judicial acts — Whether limited to cases of denial of justice

Treaties — Interpretation — Principles of interpretation — Good faith — icsid Convention — Whether principle that arbitration provisions should be restrictively interpreted

Jurisdiction — Of arbitration tribunal — Arbitration clause in contract between government and company — Whether clause to be restrictively construed — Standing of claimant company — Corporate group — Which company within group entitled to initiate arbitration proceedings

Applicable law — International law — Sources of international law — Equity Whether part of international law — Distinction between equity and power of tribunal to decide ex aequo et bono

Arbitrators — Disqualification — Arbitrator appointed by party to arbitration — Previous connection with party — Whether grounds for disqualification Duties of party appointed arbitrator

Damages — For expropriation — Measure of damages — Contractual rights Damnum emergensLucrum cessans — Methods of valuation — Discounted cash flow method — Access of company to daily cash flow generated by business subject to fiduciary duties — Effect on compensation

Provisional measures — Grounds on which provisional measures will be ordered — Publication of information concerning case — Intention of publishing party — Whether aggravating or exacerbating legal dispute Whether rendering solution of legal dispute more difficult

Annulment — Grounds for annulment — Failure to decide all the questions referred to the tribunal — Failure to state reasons on which award based Consequences of partial annulment — Resubmission of case to new arbitration tribunal — Whether those parts of first award which are not annulled constitute res judicata — Jurisdiction of tribunal on resubmission of case.

Annulment — Challenge to award of arbitration tribunal — Reference to ad hoc Committee — Effect of partial annulment — Resubmission of case to new arbitration tribunal

Applicable law — Proceedings for annulment of award — Law governing annulment proceedings — Principles and rules of treaty interpretation generally recognized in international law

Type
Case Report
Copyright
© Cambridge University Press 1993

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)