four. The issue whether the actions of Respondent must be considered as expropriations under the United kingdom-Soviet Little bit is transferred for the deserves period of this arbitration. In reaction, Claimant has essentially changed its story. As set out in Claimant’s Reply, Claimant now asserts that it was the lawful (or nominal) operator

(1) Neither Contracting Get together shall in its territory issue investments or returns of investors of the opposite Contracting Occasion to treatment method much less favourable than that which it accords to investments or returns of buyers of any 3rd Point out. In response, Claimant has basically altered its story. As established out in Claim