Essential criteria for recognizing transaction, as foreign investment

Element of risk
Contribution to the
economic development
of the host state

* Salini Costruttori SPA and Italstrade SPA v. the Kingdom of Morocco, ICSID Case No. ARB/00/4

ICSID Case No. ARB/00/4, Decision on Jurisdiction (July 23, 2001)
Victor Pey Casado et Fondation ‘Presidente Allende v. Republique du Chili, ICSID Case No. ARB/98/2, Award, (May 8, 2008)
Patrick Mitchell v. The Democratic Republic of Congo, ICSID Case No. ARB/99/7, Decision on the Application for Annulment of the Award, (Nov. 1, 2006).
Phoenix Action Ltd. v. the Czech Republic, ICSID Case No. ARB/06/5, Award, (Apr. 15, 2009).
Franz Sedelmayer v. The Russian Federation, SCC Award (1998).
Jan de Nul NV Dredging International NV v. Arab Republic of Egypt, ICSID Case No. ARB/04/13, Decision on Jurisdiction, (June 16, 2006).
Biwater Gauff (Tanzania) Ltd. v. United Republic of Tanzania, ICSID Case No. ARB/05/22, Award, (July 24,2008).
Fedax NV v. Republic of Venezuela, ICSID Case No. ARB/96/3, Decision of the Tribunal on Objections to Jurisdiction (July 11,1997), 37ILM (1998).
Romak Switzerland v. the Republic of Uzbekistan, PCA Case No. AA280, UNCITRAL, Award (Nov. 26, 2009).