1 Request for Arbitration, para. 137

2 Memorial on Jurisdiction, para. 93.

3 Ibid. para. 94.

4 Counter-Memorial on Jurisdiction, para. 40.

5 Ibid. para. 48.

6 Ibid. para. 44.

7 Memorial on Jurisdiction, para. 112.

8 Ibid, paras. 114-118.

9 Ibid. para. 119.

10 Ibid. para. 120.

11 Ibid.

12 Ibid. para. 121, Article 2(2).

13 Ibid. para. 125.

14 Ibid, paras. 129-132.

15 Ibid. para. 137.

16 Ibid. para. 140.

17 Ibid, paras. 142-145.

18 Ibid. para. 147.

19 Ibid. para. 148.

20 Ibid. para. 153.

21 Ibid. para. 154.

22 Ibid, paras. 155-160.

23 Ibid. para. 172.

24 Ibid. para. 174.

25 Ibid, paras. 175-187.

26 Ibid. para. 188. Underlined in the original.

27 Ibid. para. 202.

28 Ibid, paras. 206-208.

29 Ibid. para. 211.

30 Ibid. para. 217.

31 Ibid. para. 212.

32 Ibid. para. 218.

33 Ibid. para. 219.

34 Case concerning Elettronica Sicula S.p.A. 1989 ICJ Reports, p. 50.

35 Ibid, paras. 221-227.

36 Mqffezini, para. 53.

37 Memorial on Jurisdiction, para. 232.

38 Ibid. para. 235. Emphasis in the original.

39 Ibid. para. 237.

40 Ibid. para. 241.

41 Ibid, paras. 242-249.

42 Ibid. para. 249.

43 Ibid. para. 260.

44 Ibid. para. 262. Emphasis in the original.

45 Ibid. para. 263.

46 Ibid. para. 268.

47 Ibid. para. 270. Emphasis in the original.

48 Counter-Memorial on Jurisdiction, para. 69.

49 Ibid, paras. 72-73.

50 Ibid, paras. 77 and 79.

51 Ibid, paras. 83 and 85.

52 Ibid. para. 87.

53 Ibid, paras. 91-92.

54 Ibid. para. 103, citation.

55 Ibid. para. 108.

56 Ibid. para. 114.

57 Ibid, footnote 102.

58 Ibid, paras. 116-119.

59 Ibid, paras. 123-127.

60 Ibid. para. 131.

61 Ibid. para. 133.

62 Ibid. para. 139.

63 Ibid. para. 140.

64 Ibid. para. 142.

65 Ibid. para. 170.

66 Ibid.

67 Ibid. para. 168.

68 Ibid. para. 162.

69 Ibid, paras. 180-183.

70 Ibid. para. 184.

71 Ibid. para. 194.

72 Ibid. para. 197.

73 Ibid, paras. 197-203.

74 Ibid. para. 205.

75 Ibid, paras. 229-230.

76 Translation of the Tribunal.

77 Translation of the Tribunal.

78 Translation of the Tribunal.

79 Translation of the Tribunal.

80 ICJ Reports, p. 109. Emphasis added by the Tribunal.

81 ICJ Reports 1952, p. 190.

82 Ibid.

83 Ibid.

84 United Nations: Reports of International Arbitral Awards, Vol. XII, p. 106.

85 Ibid. p. 107.

86 Emilio Agustin Maffezini v. The Kingdom of Spain (ICSID Case No. ARB/97/7), Decision on Objections to Jurisdiction of January 25, 2000, para. 60.

87 Ibid.

88 Ibid. para. 28.

89 The Spain BIT provides for a similar right. This matter does not seem to have been discussed in Maffezini.

90 Decision on Jurisdiction, paras. 62-63.

91 Supra, para. 105.

92 Ibid. para. 275.

93 Ibid, paras. 276-281.

94 Ibid. para. 276.

95 Ibid. para. 286.

96 Ibid, paras. 288-290.

97 Ibid. para. 292.

98 Counter-Memorial on Jurisdiction, para. 242.

99 Ibid. para. 245. Quoted by the Claimant with emphasis added by the Claimant.

100 Ibid. para. 251.

101 Ibid. para. 254.

102 Counter-Memorial on Jurisdiction, para. 267.

103 Memorial on Jurisdiction, paras. 294-295.

104 Ibid. para. 293.

105 Ad Article 4 of the Protocol reads as follows: “A claim to compensation shall also exist when any of the measures defined in Article 4 is taken in respect of the company in which the investment is made and as a result the investment is severely impaired.” (Translation of the Tribunal).

106 Memorial on Jurisdiction, para. 306.

107 Ibid. para. 308.

108 Ibid, paras. 297-299.

109 Reply on Jurisdiction, para. 142.

110 Ibid. para. 154.

111 Counter-Memorial on Jurisdiction, paras. 308-309.

112 Rejoinder on Jurisdiction, para. 186.

113 Counter-Memorial, para. 322.

114 Ibid, paras. 323-331

115 Ibid. para. 352.

116 Ibid. para. 358, quoted by Claimant.

117 Ibid. para. 359.

118 Ibid. para. 381.

119 Ibid. para. 382.

120 Legal Authority No. 85 submitted with Counter-Memorial on Jurisdiction.

121 Counter-Memorial on Jurisdiction, para. 391.

122 Ibid. para. 392.

123 Ibid. para. 400.

124 Article 1(1) b).

125 Memorial on Jurisdiction, paras. 309-313.

126 Ibid. para. 315.

127 Reply on Jurisdiction, paras. 160-172.

128 Counter-Memorial on Jurisdiction, para. 334-335.

129 Ibid. para. 340.

130 Ibid. para. 241.

131 Rejoinder on Jurisdiction, paras. 231-235.

132 Memorial on Jurisdiction, para. 324.

133 Ibid. para. 329. Emphasis in the original.

134 Reply on Jurisdiction, para. 175.

135 Ibid. para. 176.

136 Counter-Memorial on Jurisdiction, paras. 429-430 and Rejoinder on Jurisdiction, para. 240.

137 Counter-Memorial on Jurisdiction, para. 433.

138 Rejoinder on Jurisdiction, para. 240 (i).

139 Counter-Memorial on Jurisdiction, para. 443.

140 Ibid. para. 445.

141 Ibid, paras. 446-448.

142 Ibid. para. 454.

143 Ibid. para. 455.

144 Case concerning East Timor, 1995 ICJ Reports, p. 89.

145 Award, June 27, 1990, 4 ICSID Reports 251.

146 Memorial on Jurisdiction, para. 335.

147 Ibid. para. 339.

148 Ibid. para. 340.

149 Counter-Memorial on Jurisdiction, para. 461.

150 Ibid. para. 463.

151 Ibid. para. 466.

152 Ibid. para. 469.

153 Ibid. para. 472.

154 Ibid. para. 479.

155 Ibid, paras. 480-486.

156 Rejoinder on Jurisdiction, para. 255.

157 Ibid. para. 256, the quote by the Claimant is from C. Schreuer, The ICSID Convention..

158 Exhibit 16 to the Request for Arbitration, pp. 2-3.

159 Request for Arbitration, para. 46.

160 Memorial on Jurisdiction, para. 333.

161 Ibid. para. 334.

162 Memorial on Jurisdiction, paras. 343-344.

163 Reply on Jurisdiction, para. 190.

164 Memorial on Jurisdiction, para. 345.

165 Reply on Jurisdiction, para. 189.

166 Counter-Memorial on Jurisdiction, para. 492.

167 Ibid. para. 508.

168 Ibid. para. 510.

169 Rejoinder on Jurisdiction, para. 293.

170 Legal Authorities No. 69, submitted with the Counter-Memorial on Jurisdiction, para. 513.

171 3 ICSID Reports, p. 112.