1UNCTAD publication, World Investment Report, 2012.
2US Model BIT 2012, article 10 and 11, http:// www.ustr.gov/sites/default/files/BIT.
3Andrew Newcombe and Lluis Paradell: Law and Practice of Investment Treaties, Wolters Kluwer, 2009, p431.
4Metalclad Corp. v. United Mexican States, 401. L. M. 36,50(2001)(ICSID(W. Bank) Aug.30,2000, available at www.naftaclaims.com.
5M. Somarajah, The International Law on Foreign Investment, Cambridge University Press, Second Edition, 2004.334.
6Occidental Exploration & Prod. Co. v. Ecuador, Final Award, Case No. UN 3467, London Ct. Int'l Arb. (July 1, 2004), available at http://www.investmentclaims. COm.
