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The contract term relied upon by the Respondent is quoted verbatim in paragraph ninety five above. Therefore the Arbitral Tribunal hereby decides that the Respondent shall be ordered to pay the Claimant the quantity of USD 24’197’762 million because the pre-tax lost earnings over a interval of thirty years. Any objections directed in opposition to the Arbitral Tribunal’s jurisdiction and primarily based on the submission that "the Republic of Turkey represented by the Ministry of Energy and Natural Resources" isn't the right respondent, if any such objections were raised, are due to this immigration lawyer türkiye Turkey fact hereby dismissed by the Arbitral Tribunal. As the Respondent was discovered to have been in breach of contract as of 19 October 2001, lawyer turkish citizenship by investment staying permit the Arbitral Tribunal has come to the conclusion that curiosity is owed as from that date.

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The Arbitral Tribunal also famous that the enactment of such provisions imposing strict time limits should have called a more dynamic and cooperative strategy on the Respondent’s aspect; the time had come for the Ministry to deal with SBD’s requests in an efficient means. The Arbitral Tribunal discovered within the preceding paragraphs that the Respondent had breached the Implementation Contract by failing to do all that was required in order to present the Letter of Guarantee, sign the Fund Agreement and transfer the amenities in time to SBD. The factors made by each Party might be set out in some detail under, as this level was argued strenuous, by say the least. That is not subsequently some extent which the Respondent is entitled to problem, and the Respondent’s objection in this respect188 is devoid of legal basis. The Claimant contended that the clause didn't include such an exclusion; the Respondent submitted that no misplaced income might be awarded by the Arbitral Tribunal in accordance with the limitation contained on this clause.