Bank and other loans and factoring payables bank and other loans and factoring payables amounted to 934. An important contribution to the reform of investment treaties. Much of the land is made up of rugged hills and mountains. Morocco, tanzania and yemen objectives the overall objective is to contribute to developing human rights based migration management approaches to address the needs of stranded and vulnerable migrants in targeted sending, transit and receiving countries. Arb004, decision on jurisdiction 23 july 2001 briner, cremades, fadlallah hereinafter salini v.
No matter what youre looking for or where you are in the world, our global marketplace of sellers can help you find unique and affordable options. The respondent files its countermemorial on the merits. Morocco, has since been followed in other cases including joy mining v. There is relatively little literature looking at salafism in morocco in the aftermath of the 2011 protests. Morocco, held that an investment must meet four criteria in order to satisfy the article 25 requirement. Salini impregilo and lane construction celebrate toscanini. Msci morocco index usd the msci morocco index is designed to measure the performance of the large and mid cap segments of the moroccon market. Arbitration, at uzbekistan% 20award%2026%20november2009. What is a qualifying investment under article 25 of the icsid. The long march towards a jurisprudence constante on the notion.
Morocco s august 1, 2008, termination of the agreement was the proper termination date. Aimed to service professionals, we offer a wide range of services and a global tourist management. Although morocco took the lead in that regard, jordan reformed its existing constitution in september 2011 while egypt adopted a new permanent constitution in december 2012. Etsy is the home to thousands of handmade, vintage, and oneofakind products and gifts related to your search. With 11 constituents, the index covers approximately 85% of the free. The kingdom of morocco is an exfrench colony, having gained its independence in 1956. Please provide the factual background, focusing on the activities of the claimants in morocco. Separate financial statements of salini impregilo s.
The definition of investment under the icsid convention. Arb028 there have been no new developments to report. The kingdom of morocco raised an objection to jurisdiction in a letter sent. Morocco travel guide pdf introduction located a few miles from the coast of spain, morocco is known not only for its early islamic architecture but also for its great tasting dishes and beautiful beaches.
Jul 16, 2001 salini criteria investments imply contributions, a certain duration of performance of the contract, participation in the risk of transaction, and contribution to economic development so called salini test. June 14, 2006 the ad hoc committee holds a hearing on the application for annulment in washington, d. On december 3, 2016, morocco and nigeria signed one of the most innovative and balanced bilateral investment treaties bits ever concluded. The works took 36 months to complete, 4 months longer than originally set out in the contract. Morocco is a constitutional monarchy, and is one of the oldest monarchies in the world. After the completion of the work in 1999, salini submitted claims for compensation to adms engineer, who rejected them in their entirety. Parties, docket activity and news coverage of federal case salini costruttori s. This supplement details the political capital, rabat, the economic capital, casablanca, as well as marrakech, one of morocco s grandest cities. Adm on the other hand, for the construction of part of a highway connecting rabat and fes in morocco. Does your company have a publiclyavailable commitment to human rights or to social responsibility.
The salini test defines an investment as having four elements. Sauvant and howard mann, towards an indicative list of fdi sustainability characteristics geneva. Morocco s emergence as a gateway to business in africa. An important contribution to the reform of investment treaties tarcisio gazzini on december 3, 2016, morocco and nigeria signed one of the most innovative and balanced bilateral investment treaties bits ever concluded. Although it has not entered into force yet, the bit is a valuable response from two. The fully updated guide includes unique illustrated cutaways, floor plans, and reconstructions of the mustsee sights, plus streetbystreet maps of cities and towns. Salini impregilo is an international industrial group specializing in the construction of major, complex infrastructure projects, and a world leader in the water segment. The group has been active for more than 100 years and today it operates in more than 50. Morocco is your indispensable guide to this beautiful part of the world.
Salini impregilo is firmly committed to conduct its business activities in line with the principles. Drummond hay and muhammad iv, 1868 26 3 portrait of sultan hassan i 48 4 the main street of tangier, 1890 54 5 man on a bicycle, southern morocco, 1897 59. Please, select more pdf files by clicking again on select pdf files. Amounts in thousands of euros december 31, 2014 december 31, 20 change. Salini then submitted its claims to the moroccan minister of infrastructure, but no reply was received. Salini test functions in addition to the requirement that an investment fall under the. The salini decision was not only groundbreaking due to the fact that it recognised that the investment requirement must be respected as an objective condition of the jurisdiction of the centre4. Supported by an implied and dynamic team we are also endowed with successful logistic means. On 29 november 2004 an icsid tribunal gave its decision on jurisdiction in the abovereferenced proceedings. Healy company, and salini impregilo have won a designbidbuild contract in.
Location of morroco click on image for larger version 27. Morocco was to pay salini, by way of the works carried out, an amount of. Morocco is strategically located at the strait of gibraltar, which is a significant sealane of control. A woman has the right to file for divorce if for instance the husband has abandoned her or has failed to provide financial support. Morocco paid salini the amount of the award that the administrative court upheld. Bayindir tribunal examined whether the 4 elements constituting investment set forth in salini v. The decision was issued in french, with an english translation by the authors of this contribution in 42. Columbia fdi perspectives perspectives on topical foreign. Lane industries announces merger agreement with salini.
Morocco ratified the convention on the rights of the child crc in 1993 with. The country is vast, and not every city can be covered in depth. Set out in salini construttori spa and italstrade spa v morocco, decision on jurisdiction, icsid. The tribunals decision was also groundbreaking because it fully distinguished between the conditions for an investment under the applicable bit and under article 25 of the icsid convention. Contextualizing multilingualism in morocco mayra c. Sal, italys leading infrastructure group and a global player in the industry, announces that its offer to acquire 100% of lane industries by means of a merger. Milan, december 6, 2016 the lane construction corporation, a u. Divorce by mutual consent is another possibility, as well as divorce due to. November 1, 2005 the claimants file their reply on the merits.
Arb02 august 1, 2005 the respondent files its rejoinder on the. Salini criteria investments imply contributions, a certain duration of performance of the contract, participation in the risk of transaction, and contribution to economic development so called salini. The north of morocco and the western sahara were colonised by spain. The tribunal considered the scope of its jurisdiction to hear contractual and treaty claims on the basis of a bilateral investment treaty concluded between italy and jordan. Morocco will seem like another world, with its cultural differences and its customs being foreign to many westerners of the 1920s. Page numbers refer to the complete book not this pdf. Tunisia in december 2010, the kingdom of morocco responded by rapidly drafting and adopting a new constitution in july 2011. Events after the reporting date this section sets out the main events that have taken place since the reporting date and not commented. The salini criteria, sometimes used to define investment for the application of iias, can be a starting point.
April 6, 2017 lauralee heckman 2034392153 cheshire, connecticut the joint venture team of the lane construction corporations subsidiary, s. The underlying dispute relates to the amount owed to the claimants for works done under a contract for dam construction in jordan. Mediterranean which means rain in the winter and dry in the summer. The atlas mountains run across the middle of the country. Moroccos august 1, 2008, termination of the agreement was the proper termination date. The king is the chief of state, supreme leader of the army and the. Kingdom of morocco,5 is a four pronged objective test. Jordan objected to the tribunals jurisdiction on the basis that the 1996. Salini, an italian company, entered into a contract with the kingdom of morocco, guaranteed by the european union. This supplement details the political capital, rabat, the economic capital, casablanca, as well as marrakech, one of moroccos grandest cities. Permission is granted to copy, distribute andor modify this document under the terms of the gnu free documentation license, version 1. The date of final taking over of the project was april 7, 2009. It has built some 230 dams and hydroelectric plants in more than 50 countries.
In may 2000, salini submitted a request for arbitration on the basis of the icsid arbitration clause contained in article 8 of the 1990 treaty between italy and morocco for the reciprocal promotion and protection of. Salini then submitted its claims to the moroccan minister of infrastructure, but no reply was received from the minister. Arb004, decision on jurisdiction 23 july 2001 briner, cremades. Morocco is separated from europe by the strait of gibraltar, a strip of water just over 14 kilometres 9 miles wide. Merge pdf files combine pdfs in the order you want with the easiest pdf merger available. African studies american studies ancient near east and egypt art history asian studies book history and cartography biblical studies classical studies education.
We rather picked some key elements in the book that a beginner can do on hisher own. Morocco by dk publishing overdrive rakuten overdrive. The definition of investment under the icsid convention chicago. The group has its headquarters in milan, and 14,000 employees operate across the world. Salinis attempt at terminating the agreement as of january 10, 2008, was invalid. The majority of this literature is qualitative, and there is a heavy emphasis on constitutional reform and on conflict in western sahara. Rearrange individual pages or entire files in the desired order. Separate one page or a whole set for easy conversion into independent pdf files. What does jurisdiction ratione materiae, jurisdiction ratione. Events after the reporting date this section sets out the main events that have taken place since the reporting date and not commented on earlier in this report. November 3, 2017 lauralee heckman 2034392153 new york, ny salini impregilo and the lane construction corporation, a wholly owned. The american al moroccan people, as defined in websters dictionary, are any one of the various coppercolored natives found on the continent by.
To change the order of your pdfs, drag and drop the files as you want. Morocco decision on jurisdiction c to the international centre for settlement of investment disputes icsid, for the application of the arbitration procedures provided by the washington convention of march 18, 1965 on the settlement of investment disputes between states and nationals of other states. Morocco s emergence as a gateway to business in africa by j. Annual report as at 31 december 2014 intragroup transactions 422 transactions recognized among assets and liabilities at 12. We put into practice our knowledge by organizing original and quality stays at competitive prices. The icc decision ordered morocco to pay salini several sums of money, including. November 30, 2005 the respondent files its rejoinder on the merits. Salini s attempt at terminating the agreement as of january 10, 2008, was invalid.
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