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Intercontinental Hotels Corporation, Memorandum of determinations, IIC 1127 (1981), 11th September 1981, Iran (OPIC), Overseas Private Investment Corporation [OPIC]



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Whether the acts in question were taken or condoned by the host government and whether Iranian law authorized the takeover of denied Intercontinental Hotels Corporation (‘IHC’).

Whether acts occurred that denied IHC fundamental rights.

Whether IHC was required to take administrative or judicial action in Iran prior to commencing its claim.

What the effective date of expropriation was.

Whether the failure to obtain the local currency for transfer to OPIC prevented a valid inconvertibility claim.

Keywords: Expropriation; All reasonable steps to prevent claim (OPIC); Date of expropriation (OPIC); Denial of fundamental rights (OPIC)

Legal Material.  15356 words. 

Subjects: Public International Law ; International Law ; Arbitration ; Law

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