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GAMI INVESTMENTS, INC. - NAFTAClaims

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PRESIDENT PAULSSON: Yes.<br />

MR. REISMAN: So assuming the eventuality which you have just<br />

described of a conclusion that there is a prima facie jurisdiction and<br />

the parties are instructed to continue, would that mean that the schedule<br />

of submission that had been established earlier would simply go into<br />

place mutatis mutandis with a different benchmark?<br />

PRESIDENT PAULSSON: Mr. Perezcano can say what he thinks<br />

also in respect to that.<br />

MR. PEREZCANO [Interpreted from Spanish]: Mr. President,<br />

perhaps it is confusion on our part, but a great deal in terms of how we<br />

proceed will depend on the Tribunal's decision. And there are various<br />

different alternatives, but if the Tribunal decides to proceed with the<br />

whole case as presented by <strong>GAMI</strong>, then it becomes obviously a more<br />

complicated. If the Tribunal decides that it doesn't have jurisdiction,<br />

for example, to resolve the 1105 claim, then perhaps the expropriation<br />

claim is simpler. If the decision is expropriation but 1105, then it<br />

could be more complex.<br />

The time that we would need to answer will really depend<br />

largely on the Tribunal's decision when it makes the decision and the<br />

form the decision takes.<br />

If I could cite an example. If we are saying the Tribunal<br />

might admit the entirety of the claim, and the other alternative is for<br />

it to dismiss it, it might be simpler. But since the Tribunal could<br />

decide to admit part of the claim and dismiss part of the claim, well<br />

that will necessarily impact on the structure of our arguments. It<br />

becomes difficult to have submitted a brief which we would then have to<br />

adjust in light of the Tribunal's decision.<br />

And I can tell you we are most willing to proceed in the most<br />

expeditious possible fashion, but once we know the Tribunal's decision on<br />

how we are going to proceed in this case and whether the case should<br />

proceed.<br />

PRESIDENT PAULSSON: I know what you are going to say. Go<br />

ahead.<br />

MR. ROH: Understanding the difficulties just expressed, as<br />

of May 20th or so, Mexico was supposed to be prepared to submit its full<br />

statement of defense on June 15th. That was the point at which the<br />

Tribunal decided no, we are going to bifurcate, and it is no longer June<br />

15th. And you gave us a new schedule within a couple of weeks that said<br />

it was October 20th.<br />

So at least since February they have had our statement of<br />

claim and supposedly they were within three weeks of being ready for a<br />

full statement of defense on the assumption they had to defend all. So<br />

that part of it should be taken into consideration too. This has been a<br />

prolonged process.<br />

Thank you.<br />

PRESIDENT PAULSSON: Those points are well taken. Equally,<br />

the Tribunal has from its internal discussions already today over lunch<br />

benefited from the discussion today, and has found that there are<br />

elements of the case which commend themselves to us as requiring quite a<br />

lot of prudence in the way we approach. And I don't think either side<br />

would encourage us to act in a different way.<br />

So the point you have just made, Mr. Roh, we will take<br />

account of that when we make and communicate our decision and, depending<br />

on the factors that Mr. Perezcano has mentioned, to the extent that we<br />

find them relevant in the framework of the particular decision we reach-and<br />

now I am only talking about the hypothesis that there will be a<br />

continuation on the merits because otherwise, as you said, things are

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