Territory — Annexation of — Meaning of — State Succession — Respect of Private Rights Acquired Prior to Annexation.

Denial of Justice — Exhaustion of Local Remedies — Cases when Not Required.

Nationality of Claims — Claims on Behalf of Nationals of Defendant State — Inadmissibility of.

Measure of Damages — Standards of Valuation — Speculative Enterprises.

State Responsibility — Consequences of — Restitution or Compensation.

State Responsibility — Consequences of — Reparation Due to Claimant Government as Distinguished from Compensation to Private Persons.

State Responsibility — Award of Interest — Dies a quo.

Treaties — Treaties and Third Parties — Acquisition of Rights by Virtue of a Treaty to which the State was not a Party.

Treaties — Interpretation of — Reference to Other Contemporaneous Treaties — Relevance of Unratified Treaties.

Arbitration — Jurisdiction of Arbitral Tribunals — Competence to Decide on Rights Grounded in Municipal Law.

State Succession — Respect of Private Rights — State Succession and Protection of Contractual Rights — Proof of Private Rights — Respect of Private Rights Acquired Prior to Annexation — Meaning of the Term “Annexation” — Reference to Other Contemporaneous Treaties — Relevance of Unratified Treaties — Acquisition of Rights by Virtue of a Treaty to which the State was not a Party — Incorporation of One Treaty in a Subsequent Treaty — Competence of International Tribunals to Decide on Rights Grounded in Municipal Law — Exhaustion of Local Remedies — Nationality of Claims — Restitution or Compensation — Measure of Damages — Standards of Valuation — Speculative Enterprises — Reparation Due to the Claimant Government as Distinguished from Compensation to Private Persons — Interest.