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     EduGorilla 
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    ‘Calvo Clause’ means

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    1. Disputes can be referred to the state which grants concession or the state to which foreign concessionaire belongs

    2. Disputes arising out of contract shall be referred to municipal courts of the state which grants concession

    3. Disputes cannot be referred to courts but shall be sorted out by way of negotiations

    4. Disputes shall be referred to international tribunal only

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