Environmental Engineering Reference
In-Depth Information
financial terms.
484
Assets (
en nature
) are possible, whereby no minimum amount is
necessary because it is difficult to assess in cases of know-how or training of
staff.
485
The Desertec Concept certainly qualifies as a significant contribution. As men-
tioned above, an investor wants to share its ideas with the MENA region, which
would be a transfer of know-how. In addition, an investor also desires to supply the
MENA region with clean energy, which can be a contribution to all MENA
countries. On a long-term scale, an investor wants the MENA countries to run the
project themselves, which involves a training of qualified personnel. Hence, there
can be no doubt that the Desertec Concept is a contribution on a significant scale.
3.7.2 Duration of the Investment
The contract duration within Salini was set to be at least between 2 and 5 years.
486
Within the drafting of the ICSID Convention, a duration of 5 years was
discussed.
487
Some claim that the minimum duration should be 2 years mini-
mum,
488
while others say that a project should take at least 5 years.
489
There is
also the view that, under certain circumstances, the duration must not be exactly
2 years.
490
There are also proposals concerning calculation of the minimum invest-
ment duration.
491
Other tribunals view the duration of the investment in both
qualitative and quantitative terms.
492
The quantitative duration relates to the dura-
tion of the investment (project), whereas the qualitative duration connects to the
economic contribution.
493
The same tribunal proposed that the duration is closely
related to the economic development of the state because the longer the project
484
ICSID [2008] ARB/05/22—Award, 88-89 para 320; ICSID [2007] ARB/05/07, 29 para 100;
ICSID [2007] ARB/05/10—Award, 36 para 109; ICSID [2006] ARB/05/19, 23-24 para 77; ICSID
[2006] ARB/99/7—Annulment, 12 para 27; cf ICSID [2006] ARB/04/13, 29 para 92; ICSID
[2005] ARB/03/29, 32-33 paras 115-120 and 35 para 131; ICSID [2001] ARB/00/4, 609 (622)
para 53.
485
Loncle (
2006
), 319 (326).
486
Two years are sufficient, in: ICSID [2012] ARB/09/2—Award, 61 paras 300 and 303-304;
ICSID [2007] ARB/05/10—Award, 36-37 para 110; 2 years are sufficient, in: ICSID [2007]
ARB/05/07, 29 para 101; 3 years considered to be sufficient, in: ICSID [2006] ARB/04/13, 29-30
paras 95-96; ICSID [2001] ARB/00/4, 609 (622-623) para 54; Andreeva (
2008
), 161 (166).
487
ICSID (1968) vol II(1), 116.
488
ICSID [2007] ARB/05/07, 29 para 101.
489
Johannsen (
2009
), 5 (15).
490
ICSID [2006] ARB/04/13, 29-30 paras 94-96.
491
Interruption and Suspensions are included, in: ICSID [2007] ARB/05/07, 29 para 102; Duration
includes the tender stage as well, in: ICSID [2006] ARB/04/13, 29-30 paras 94-96.
492
ICSID [2007] ARB/05/10—Award, 36-37 para 110.
493
ICSID [2007] ARB/05/10—Award, 36-37 paras 110-111.
