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Liberia’s breach of the agreement entitles LETCO to damages
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Tribunal finds Liberia in default, and orders costs against it
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Liberia’s bad faith leads to cost order
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Standard of compensation found under Liberian law
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Presumption that foreign control suffices for standing under article 25(2)(b) ICSID Convention
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Mere fact of signing ICSID arbitration clause with domestic entity could evidence agreement to consider it as foreign
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Liberia breached concession agreement by failing to notify LETCO of alleged breaches
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First ICSID rectification proceedings grants claimant’s amended costs
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