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Valentine Petroleum & Chemical Corporation-U.S. Agency for International Development: Arbitration of Dispute Involving U.S. Investment Guaranty Program*

Published online by Cambridge University Press:  20 March 2017

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Type
Judicial and Similar Proceedings
Information
International Legal Materials , Volume 9 , Issue 5 , September 1970 , pp. 889 - 920
Copyright
Copyright © American Society of International Law 1970

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Footnotes

*

[Reproduced from the text provided to International Legal Materials by the U.S. Agency for International Development.

[The Valentine case i s the first arbitration between the U.S. Agency for International Development and an investor holding A.I.D. political risk insurance. The matter has also been the subject of direct negotiations with Haiti in accordance with the agreement of April 2, 1953, between the United States and Haiti on the subject of guaranties authorized under the Economic Cooperation Act of 1948, as amended (212 U.N.T.S. 143). On July 23, 1970, A.I.D. sold to the Government of Haiti the equity shares representing the entire investment and claim interest assigned by the investor to A.I.D. The purchase price for the shares will cover the amount paid by A.I.D. under its contract with the investor. ]

References

* [Reproduced from the text provided to International Legal Materials by the U.S. Agency for International Development.

[The Valentine case i s the first arbitration between the U.S. Agency for International Development and an investor holding A.I.D. political risk insurance. The matter has also been the subject of direct negotiations with Haiti in accordance with the agreement of April 2, 1953, between the United States and Haiti on the subject of guaranties authorized under the Economic Cooperation Act of 1948, as amended (212 U.N.T.S. 143). On July 23, 1970, A.I.D. sold to the Government of Haiti the equity shares representing the entire investment and claim interest assigned by the investor to A.I.D. The purchase price for the shares will cover the amount paid by A.I.D. under its contract with the investor. ]