memorial for respondent team ago fifth annual foreign ... - FDI Moot

TABLE OF CONTENTS
LIST OF AUTHORITIES ............................................................................................... iii
LIST OF LEGAL SOURCES ......................................................................................... vi
LIST OF ABBREVIATIONS ......................................................................................... xi
STATEMENT OF FACTS ............................................................................................... 1
SUMMARY OF ARGUMENTS ...................................................................................... 4
ARGUMENTS .................................................................................................................. 5
I. The Standard of Review for Annulment Decision ............................................... 5
II. The Award should be upheld because the Tribunal was properly
constituted. ..................................................................................................................... 6
A. Dr. Honesta and Mr. Viator properly dismissed the challenge to Professor
Iracunda. ...................................................................................................................... 6
B. Regardless, the Committee should uphold the Award as the Challenge Decision
was proper. .................................................................................................................. 9
III. The Annulment Committee is not empowered to override the Tribunal’s
judgment of its own competence, or decide whether the transaction qualifies as an
“investment” under the ICSID Convention. ............................................................ 12
A. Under ICSID Art. 41(1), the Tribunal is judge of its own competence. ........... 13
B. If the Committee reviews questions decided by the Tribunal, it will be
conducting an appeal of the Tribunal’s Award, and not a hearing on annulment. ... 15
IV. Regardless, the Award should be upheld because the Tribunal did not have
jurisdiction to hear the Max Solutions-Bela Rano dispute. .................................... 18
A. An investment must qualify under both the ICSID Convention and the BIT. .. 19
B. The Salini test is an established legal test for determining whether an
investment meets the jurisdictional requirements under the ICSID Convention. ..... 21
C. Regardless, Max Solutions’ transaction also failed to satisfy the BIT definition
of investment. ............................................................................................................ 31
V. The tribunal did not Manifestly exceed its powers in refusing jurisdiction
because the contract did not fulfill the Salini criteria. ............................................ 22
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