Abstract
The Patel Engineering Limited (“PEL”) v the Republic of Mozambique tribunal, constituted under the UNCITRAL Arbitration Rules, dealt with pre-investment expenditures and whether such expenditures constitute a protected investment. Investors frequently make expenditures in the preparatory phase of an investment, such as environmental impact assessments, scientific surveys, or financial advice. This blogpost explores the application of pre-investment expenditures in this case.
Original language | English |
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Type | blogpost |
Number of pages | 1 |
Publication status | Published - 13 Jan 2025 |
Keywords
- investment arbitration
- pre-investment expenditures
- treaty interpretation
- interpretation and language