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BUCG v. Yemen decision clears jurisdictional hurdles for investment claims by Chinese state-owned enterprises under the ICSID Convention

Summary of the ICSID tribunal’s decision on jurisdiction in the Beijing Urban Construction Group v Yemen arbitration (ICSID Case No ARB/14/30). The summary deals in particular with the issue of standing of state-owned enterprises to bring claims before ICSID and interpretation of the narrow dispute resolution clause in the Yemen-PRC BIT.