Claimant is an enterprise of Ticadia Sample Clauses

Claimant is an enterprise of Ticadia. ‌ 21 In Answer to Request for Arbitration Respondent, argued that the Arbitral Tribunal (hereinafter: the Tribunal) has no jurisdiction over the dispute, since Claimant is not an enterprise of Ticadia.17 However, Respondent does not support this claim with any reasonable evidence. When deciding on this issue the Tribunal should first and foremost observe the BIT. In Article 1(4) of the Ticadia-Kronos BIT an investor of a contracting Party is defined as: “a Contracting Party, or a person or an enterprise of a Contracting Party.” The BIT does not provide any other criteria regarding the definition of an investor.
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