Havana Docks Corp. v. Royal Caribbean Cruises, Ltd. · ¶10

Havana Docks acquired this property interest with certain conditions and guarantees. It enjoyed the right to operate and proft from the docks that it completed. Its property interest was time-limited and set to expire in 2004. Havana Docks therefore expected to control, operate, and proft from the docks for 76 years. At the end of the concession's term, the Cuban Government would “replace the concessionaire in possession of the works,” and Havana Docks' “enjoyment of it and its proceeds” would come to an end. 1 App. 454–455. The Cuban Government agreed that, if it “expropriated” the docks before 2004, it “w[ould] compensate [Havana Docks] for the value of all works constructed by it.” Id., at 449.

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