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Dominican Republic identifies three alleged “computational errors” that could reduce award’s value by 90%
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Costs lie where they fall, as tribunal had “difficulty seeing any real difference in the behavior of the Parties”
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With respect to interest, Claimant should not “be treated any worse than a voluntary lender” to the Republic
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Threshold for moral damages is high, and not met in this case
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Land is valueless and deserves no compensation
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Speculative investment in WTE plant should not be compensated
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Dominican Republic breached umbrella clause by failing to uphold contractual commitments
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Existence of obligations involving “matters closely connected with essential public policies” militates against declining jurisdiction in favour of the contractually-agreed forum
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Treaty contains no limitation to the type of obligations protected under the umbrella clause, meaning that there is no requirement of privity
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Specific language of non-impairment standard in FTA requires measures to be both discriminatory and arbitrary
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Lack of consistency and arbitrariness results in violation of FET standard
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Inconsistent conduct cannot create legitimate expectations
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FET is tied to international law and thus limited to customary international law – which has evolved since Neer decision
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Abrupt decision to terminate the Concession Agreement evidences unlawful expropriation of the investment
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Project to build recycling facility and WTE plant could not give rise to legitimate expectations
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Reflective loss objection is dismissed, given finding of jurisdiction over indirect investors
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War-losses clause does not operate to allow states to bypass their remaining obligations under the treaty
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State needs to demonstrate that situation pertains to national security interests
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Clause on “national security interests” does not prevent review by tribunal
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Evidence of deliberate abuse of right is lacking; disagreements between the parties at the time did not suffice to make the investment dispute foreseeable
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Alleged breaches of domestic law are not severe enough to warrant depriving Mr. Lee-Chin of treaty protection
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“Risk” is not a requirement for an asset to qualify as an investment under the FTA
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While link should exist between the investor and the investment, the treaty does not mandate any particular link – especially in terms of origin of funds
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Background: Landfill project struggles to operate, leading to environmental and sanitary problems and eventual state takeover
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