Claimant is an enterprise of Ticadia under the interpretation rules of the Vienna Convention on the Law of the Treaties Sample Clauses

Claimant is an enterprise of Ticadia under the interpretation rules of the Vienna Convention on the Law of the Treaties. ‌ 24 Republic of Kronos and Republic of Ticadia are parties of the Vienna Convention on the Law of the Treaties19 (hereinafter: VCLT). It is common to distinguish between objective, subjective, and teleological approaches to treaty interpretation.20 Recourse to one approach does not rule out the use of other approaches. Indeed, as indicated in Article 31(1) of the VCLT, tribunals may choose to apply a combination of the three approaches. As neither the Parties nor the Tribunal possess any information regarding the will of Ticadia and Xxxxxx when signing the BIT, Claimant urges the Tribunal to observe ordinary meaning of words used in the BIT and aim of the BIT to promote foreign investment. Furthermore, under the Article 31 of the VCLT the terms of treaties must be interpreted in good faith and in accordance with their ordinary meaning.
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