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Revere Copper and Brass, Incoroporated-Overseas Private Investment Corporation: Arbitral Award In Dispute Involving U.S. Investment Guaranty Program

Published online by Cambridge University Press:  20 March 2017

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Abstract

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Type
Judicial and Similar Proceedings
Information
International Legal Materials , Volume 17 , Issue 6 , November 1978 , pp. 1321 - 1383
Copyright
Copyright © American Society of International Law 1978

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References

1 This Contract will be hereinafter referred to as “the OPIC Contract” or simply “the Contract”. It takes the form of Special Terms and Conditions signed by the parties and designated “221 KST 11-65 Revised (Combined)” and General Terms and Conditions, designated “221 KGT 11-65 Revised (Combined)”

* This is an English translation of the original French text of the Award on the Merits. It is hereinafter referred to as the “TOPCO/Libya Award”. References herein are to pages in the printed booklet distributed by Revere at the hearings (CI.Ex.300).

* After worldwide investigations Revere bad determined t o obtain bauxite in Jamaica if possible, but the policy of the Jamaican Government at that time was to urge, if not to require, the conversion of bauxite into alumina in Jamaica rather than permit the direct export of bauxite, thus, it was hoped, contributing significantly to the economic development of the country.

* According to the testimony, no such capital development fund was ever created.