four. The problem if the actions of Respondent ought to be regarded as expropriations beneath the UK-Soviet Little bit is transferred towards the merits stage of the arbitration. In reaction, Claimant has essentially improved its Tale. As set out in Claimant’s Reply, Claimant now asserts that it was the authorized (or nominal) owner with the Y

(one) Neither Contracting Bash shall in its territory topic investments or returns of investors of the other Contracting Get together to remedy a lot less favourable than that which it accords to investments or returns of traders of any third Condition. (one) The expression "expense" shall comprise all types of asset invested by an investor of 1