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Claimants’ contribution to damages result in reduced cost award
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No indirect expropriation flowing from Chile’s refusal to re-zone land
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Chile breached BIT by approving an investment that was doomed to fail under domestic regulations
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Tribunal references controversial Tecmed FET standard
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In landmark decision, tribunal determines that MFN/FET clause could be used to import entire substantive obligations from other BITs
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Chile did not appear to violate other obligations under the Chile-Croatia BIT, including the prohibition on unreasonable or discriminatory measures
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Claimants fail in bid to argue that they were denied a BIT right to permits
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No breach of MFN-imported umbrella clause
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Respondent refuses to re-zone land that claimants had acquired for residential and commercial development project
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Chile unsuccessfully seeks award’s annulment
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