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Jurisdictional objections cite fraud and Turkey’s involvement as “real party”
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Background to the investments
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Causation of losses raised by Respondent, but not a focus for tribunal
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On Damages, DCF is used despite doubts about track record
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Two discrete breaches of Fair and Equitable Treatment identified; denial of justice and no-impairment standards deemed to fall under that standard
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Turkish state’s control of the claimants had been a point of contention
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Full Protection & Security and Expropriation analysis
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