UNCITRAL tribunal uses fair and equitable treatment provision to award damages for expropriation | Practical Law
In British Caribbean Bank Ltd v The Government of Belize (PCA Case No 2010/18/BCB-BZ), a tribunal constituted under the UNCITRAL Arbitration Rules (1976) considered an investor's claim of expropriation and breach of the fair and equitable treatment obligation in the bilateral investment treaty (BIT) between the UK and Belize.