The ICSID Convention

A Commentary

Author: Christoph H. Schreuer

Publisher: Cambridge University Press

ISBN: 0521885590

Category: Law

Page: 1524

View: 1672

This Commentary gives a detailed description of the meaning and application of the ICSID Convention.
Posted in Law

Guide to ICSID Arbitration

Author: Lucy Reed,Jan Paulsson,Nigel Blackaby

Publisher: Kluwer Law International B.V.

ISBN: 9041134018

Category: Law

Page: 468

View: 3398

Previous edition, 1st, published in 2004.
Posted in Law

Der Investitionsschutz im internationalen Anlagenbau

eine Untersuchung unter besonderer Berücksichtigung internationaler BOT-Projekte

Author: Tim M. Metje

Publisher: Mohr Siebeck

ISBN: 9783161496950

Category: Law

Page: 213

View: 3161

English summary: Due to the enormous need for infrastructure investment world-wide and due to governments' inability to finance such investments, innovative financing techniques have been developed, BOT (build, operate, transfer) techniques being one of them. Governments and private investors should be on an equal footing when negotiating BOT contracts in order to allocate risks in a way which will be acceptable for all parties involved. In his study, Tim Metje analyzes the risks and opportunities inherent in BOT project financing and evaluates pertinent new developments in international investment law. German description: In Zeiten allgemeiner Knappheit offentlicher Haushalte lassen sich staatliche Investitionen in die offentliche Infrastruktur nur noch selten oder sehr eingeschrankt realisieren. Zunehmend beteiligen sich private Investoren an der Finanzierung offentlicher Infrastruktur. Tim Metje untersucht die Moglichkeit Private im Rahmen so genannter BOT-Modelle (BOT = Build, Operate, Transfer ) einzubinden. Dies sind offentlich-private Partnerschaften, bei denen private Investoren Infrastrukturprojekte in staatlichem Auftrag realisieren, betreiben und erst nach einem Zeitraum von bis zu 30 Jahren auf den sie beauftragenden Staat ruckubertragen. Da das Engagement privater Investoren ganz wesentlich von einem stabilen nationalen und internationalen Investitionsschutzregime abhangt, das sich letztlich auch im Streitfall bewahren muss, liegt hier der Schwerpunkt der Untersuchung.Nach einer Einfuhrung in die wesentlichen Funktionsmechanismen internationaler BOT-Projekte auf der Grundlage einzelner Beispiele und nach Ausfuhrungen zu den Erwartungen der Projektbeteiligten diskutiert der Autor die Chancen und Risiken des geltenden Investitionsschutzrechts. Zugleich bewertet er neuere investitionsschutzrechtliche Ansatze, wie etwa die Flexibilisierung von Vertragsverhaltnissen. Dies lasst ihn - unter Berucksichtigung der Besonderheiten von BOT-Projekten - auch die Frage nach einem fur alle Beteiligten effektiven Streitbeilegungsmechanismus thematisieren.
Posted in Law

Internationales Wirtschaftsrecht

Author: Christian Tietje

Publisher: Walter de Gruyter

ISBN: 3899496647

Category: Law

Page: 879

View: 605

The textbook offers the comprehensive presentation and analysis of international commercial law. The fundamentals of international commercial law will be treated as well as the special pertinent spheres (e.g., commodity and service trade, currency and revenue law, investment protection, settlement of disputes).
Posted in Law

Legal Framework for the Admission of FDI

Author: Thomas Pollan

Publisher: Eleven International Publishing

ISBN: 9077596151

Category: Law

Page: 321

View: 3732

The law on foreign direct investment (FDI) belongs to the fastest changing legal field in international law. Investors and the host state have long left behind a relationship dominated by the host state's desire to screen and choose FDI. In the current market for FDI, both parties try to assert influence, but in the end the scarcity of FDI is the decisive factor. This book provides an in-depth study of the legal framework for the admission of FDI and presents insights into the pros and cons of various admission models. Its goal is to identify legal and policy options that serve the host state's and investor's common needs. The book is a comprehensive, easy reference handbook that is of interest to lawyers, academics and policy makers.
Posted in Law

The Resolution of International Investment Disputes

Challenges and Solutions

Author: Mariel Dimsey

Publisher: Eleven International Publishing

ISBN: 9077596526

Category: Law

Page: 251

View: 3462

This work deals with the current state of investment dispute resolution and analyzes the problems associated with investor-state arbitration. The author examines developments in the existing legal framework and looks at the mechanisms under existing domestic and international systems â?? such as judicial review and class actions â?? to see if these can be applied to investment dispute resolution. The author concludes that the features of traditional arbitration are not flexible enough to meet the needs of this modern form of international dispute resolution. Investment arbitration is now entering a new phase of its development. The traditional, typically arbitration-related issues of consent, privity, and confidentiality are making room for the now more important questions of disclosure, transparency, legal certainty, and consistency. The author calls for setting up a "model procedure," specifically created for international investment disputes as this would enable the establishment of a "tailor-made" process for this ever-growing area of law.
Posted in Law

The Foundations of International Investment Law

Bringing Theory into Practice

Author: Zachary Douglas,Joost Pauwelyn,Jorge E. Viñuales

Publisher: OUP Oxford

ISBN: 0191508586

Category: Law

Page: 586

View: 6658

International investment law is one of the fastest growing areas of international law. It has led to the signing of thousands of agreements, mostly in the form of investment contracts and bilateral investment treaties. Also, in the last two decades, there has been an exponential growth in the number of disputes being resolved by investment arbitration tribunals. Yet the legal principles at the basis of international investment law and arbitration remain in a state of flux. Perhaps the best illustration of this phenomenon is the wide disagreement among investment tribunals on some of the core concepts underpinning the regime, such as investment, property, regulatory powers, scope of jurisdiction, applicable law, or the interactions with other areas of international law. The purpose of this book is to revisit these conceptual foundations in order to shed light on the practice of international investment law. It is an attempt to bridge the growing gap between the theory and the practice of this thriving area of international law. The first part of the book focuses on the 'infrastructure' of the investment regime or, more specifically, on the structural arrangements that have been developed to manage foreign investment transactions and the potential disputes arising from them. The second part of the book identifies the common conceptual bases of an array of seemingly unconnected practical problems in order to clarify the main stakes and offer balanced solutions. The third part addresses the main sources of 'regime stress' as well as the main legal mechanisms available to manage such challenges to the operation of the regime. Overall, the book offers a thorough investigation of the conflicting theoretical positions underlying international investment law, testing their worth by reference to concrete issues that have arisen in the jurisprudence. It demonstrates that many of the most important practical questions arising in practice can be addressed by a carefully dosed resort to theory.
Posted in Law

Piercing the Corporate Veil Doctrine in International Investment Agreements

Author: Anastasiia Dulska

Publisher: GRIN Verlag

ISBN: 3668716374

Category: Law

Page: 58

View: 4557

Diploma Thesis from the year 2017 in the subject Law - Miscellaneous, grade: 1.7, Humboldt-University of Berlin (International Dispute Resolution Master of Laws (LL.M.) Programme), course: International Investment Arbitration, language: English, abstract: The piercing the corporate veil in ISDS plays a twofold role. From the investors’ perspective, it is instrumental if a tribunal can ignore the difference between the legal personality of the company in which they invested in and the shares that they hold. Per contra, States also invoke this doctrine by trying to convince a tribunal to look at the true personalities involved and not to allow an investor to hide behind the veil of the different legal personalities. To address these competing interests, the author of this Master Thesis in Chapter II intends to analyse the characteristic pattern and standing of shareholders in bringing indirect claims aimed to persuade the tribunal to ignore the difference between the legal personality of a company and its shareholders and to look at the true interests at stake instead. In Chapter III, the applicability of the piercing the corporate veil doctrine will be approached from the States’ perspective and when they invoke the denial of benefits clauses. On the basis of the foregoing, this Master Thesis purports to address the intersection between the jurisdiction of the arbitral tribunal in ISDS and the concepts of investor and investment underlying the application of the piercing the corporate veil doctrine. By doing so, the author of this Master Thesis explores the provisions of IIAs commented on by authoritative treatises, contemporary views embodied in articles, and jurisprudence of international investment treaty tribunals. In order to arrive at its findings and conclusions, this Master Thesis utilizes the method of description, method of conceptual analysis, comparative method, and method of evaluation.
Posted in Law

Applicable Law in International Investment Disputes

Author: Taida Begic

Publisher: Eleven International Publishing

ISBN: 9077596127

Category: Law

Page: 251

View: 2561

This book gives a comprehensive overview of all relevant aspects of the issue of applicable substantive law in the context of investor/State arbitration. It is a comparative survey of both the International Center for Settlement of Investment Disputes (ICSID) and non-ICSID arbitral practice. The applicable substantive law represents an important issue in investment disputes as it determines the rules of law that should be applied to the merits of the dispute. This study demonstrates the need for a discussion on the applicable law before examining the merits of the case, as it appears to be non-existent in most arbitral awards. The author gives an extensive survey of choice of law clauses as found in direct agreements between parties and in multilateral or bilateral investment treaties. Furthermore, the author analyzes the following issues: stabilization clauses in investment agreements, the application of the residual rule (if parties failed to agree on the applicable law), the special position of the Iran-US Claims Tribunal and various annulment decisions.
Posted in Law

International Investment Law

A Chinese Perspective

Author: Guiguo Wang

Publisher: Routledge

ISBN: 1134442424

Category: Law

Page: 586

View: 7314

Increasing and intensified cross-border economic exchange such as trade and investment is an important feature of globalization. In the past, a distinction could be made between capital importing and exporting countries, or host and home countries for foreign direct investment (FDI). Due to globalization, FDI is presently made by and in both developed and developing countries. Differences in political, economic and legal systems and culture are no longer obstacles for FDI, and to varying degrees the economic development of almost all countries is closely linked with the inflow of FDI. This book conducts critical assessments of aspects of current international law on FDI, focusing on cases decided by the tribunals of the International Centre for Settlement of Investment Disputes (ICSID) and other tribunals as well as decisions of annulment ad hoc committees of the ICSID. In examining such cases, Guiguo Wang takes into account the Chinese culture and China’s practice in the related areas. The book explores topics including: the development and trend of international investment law; unilateral, bilateral and multilateral mechanisms for encouraging and protecting FDIs; determination of qualified investors and investments and consent as conditions for protection; relative and absolute standards of treatment; determination of expropriation in practice; assessment of compensation for expropriation; difficulties in enforcing investment arbitral awards; and alternatives for improving the existing system. The book will be of great use and interest to scholars, practitioners and students of international investment law and international economic law, Asian law, and Chinese studies.
Posted in Law

The International Law on Foreign Investment

Author: M. Sornarajah

Publisher: Cambridge University Press

ISBN: 0521763274

Category: Law

Page: 524

View: 5299

This book is a thought-provoking and authoritative text on this fast moving field of international law.
Posted in Law

Commentaries on Selected Model Investment Treaties

Author: Chester Brown

Publisher: OUP Oxford

ISBN: 0191651966

Category: Law

Page: 990

View: 7439

The existing literature on the substantive and procedural aspects of bilateral investment treaties (BITs) relies heavily on investment treaty arbitration decisions as a source of law. What is missing is a comprehensive, analytical review of state practice. This volume fills this gap, providing detailed analyses of the investment treaty policy and practice of nineteen leading capital-exporting states and emerging market economies. The authors are leading experts in government, academia, and private legal practice, and their chapters are largely based on primary source materials. Each chapter provides a description of the regulatory or policy framework governing foreign investment (both inflows and outflows) with a historical presentation of the state's Model BIT; an examination of internal government processes and practices relating to treaty negotiation, conclusion, ratification and record-keeping; and a detailed article-by-article analytical commentary of the state's Model BIT, elucidating the policy behind each provision and highlighting the ways in which the actual investment treaty practice of that state deviates from this standard text. This commentary is supplemented by the case law relevant to that state's investment treaties. This commentary will be of immense assistance to counsel and arbitrators engaged in arguing and determining the proper interpretation of BITs and investment chapters in Free Trade Agreements, and to government officials and scholars engaged in BIT policy formulation and implementation. It will serve as a standard resource for legal practitioners, scholars, policy-makers and other stakeholders in the field of international investment policy, law, and arbitration.
Posted in Law

In Whose Name?

A Public Law Theory of International Adjudication

Author: Armin von Bogdandy,Ingo Venzke

Publisher: OUP Oxford

ISBN: 0191026956

Category: Law

Page: 400

View: 3652

The vast majority of all international judicial decisions have been issued since 1990. This increasing activity of international courts over the past two decades is one of the most significant developments within the international law. It has repercussions on all levels of governance and has challenged received understandings of the nature and legitimacy of international courts. It was previously held that international courts are simply instruments of dispute settlement, whose activities are justified by the consent of the states that created them, and in whose name they decide. However, this understanding ignores other important judicial functions, underrates problems of legitimacy, and prevents a full assessment of how international adjudication functions, and the impact that it has demonstrably had. This book proposes a public law theory of international adjudication, which argues that international courts are multifunctional actors who exercise public authority and therefore require democratic legitimacy. It establishes this theory on the basis of three main building blocks: multifunctionality, the notion of an international public authority, and democracy. The book aims to answer the core question of the legitimacy of international adjudication: in whose name do international courts decide? It lays out the specific problem of the legitimacy of international adjudication, and reconstructs the common critiques of international courts. It develops a concept of democracy for international courts that makes it possible to constructively show how their legitimacy is derived. It argues that ultimately international courts make their decisions, even if they do not know it, in the name of the peoples and the citizens of the international community.
Posted in Law

Handbook of International Law

Author: Anthony Aust

Publisher: Cambridge University Press

ISBN: 9781139447461

Category: Law

Page: N.A

View: 6922

A concise account of international law by an experienced practitioner, this book explains how states and international organisations, especially the United Nations, make and use international law. The nature of international law and its fundamental concepts and principles are described. The difference and relationship between various areas of international law which are often misunderstood (such as diplomatic and state immunity, and human rights and international humanitarian law) are clearly explained. The essence of new specialist areas of international law, relating to the environment, human rights and terrorism are discussed. Aust's clear and accessible style makes the subject understandable to non-international lawyers, non-lawyers and students. Abundant references are provided to sources and other materials, including authoritative and useful websites.
Posted in Law

Transparency in International Trade and Investment Dispute Settlement

Author: Junji Nakagawa

Publisher: Routledge

ISBN: 113513054X

Category: Business & Economics

Page: 256

View: 3629

An increasing number of international trade disputes are settled through the WTO dispute settlement (DS) procedure. In parallel, an increasing number of international investment disputes are settled through investor-host state arbitration procedure. What does "transparency" mean in the context of international trade and investment dispute settlement? Why is enhanced transparency demanded? To what extent and in what manner should these dispute settlement procedures be transparent? The book addresses these issues of securing transparency in international trade and investment dispute settlement. Transparency in international trade and investment dispute settlement drew attention of international economic law scholars in the late 1990s, but most literature discusses the transparency in trade DS and investment DS separately. The book deals with the issue in a comprehensive and coherent manner, combining the analyses of the issue in both DS procedures and comparing the pros and cons to enhanced transparency in them. The main argument of the book is, first, that transparency in these procedures should be enhanced so that they may be accountable to a wider range of stakeholders, but, secondly, that the extent and the manner of transparency might differ in these two procedures, reflecting their structural and functional differences. The book will appeal to both scholars and students interested in international economic law and international relations, as well as lawyers and government officials who deal with international trade and investment regulation.
Posted in Business & Economics

International Investment, Protection and Arbitration

Theoretical and Practical Perspectives

Author: Christian Tietje

Publisher: BWV Verlag

ISBN: 3830526687

Category: Arbitration (International law

Page: 192

View: 6393

HauptbeschreibungIn the last years, the law of international investment protection has increasingly caught the attention of international lawyers, both practitioners and academics. In this regard, two related but often not comprehensively covered aspects are relevant: arbitral proceedings and awards on the one side, and individual commercial interests of enterprises which are engaged in foreign direct investment or international portfolio investment on the other. The applicable law in order to protect these commercial interests is both, of an international and national character, and concerns.
Posted in Arbitration (International law

Yearbook on International Investment Law & Policy 2012-2013

Author: Andrea Bjorklund

Publisher: Oxford University Press

ISBN: 0199386331

Category: Law

Page: 752

View: 1993

Today, international investment law consists of a network of multifaceted, multilayered international treaties that, in one way or another, involve virtually every country of the world. The evolution of this network raises a host of issues regarding international investment law and policy, especially in the area of international investment disputes. The Yearbook on International Investment Law & Policy 2012-2013 monitors current developments in international investment law and policy, focusing on recent trends and issues in foreign direct investment (FDI). With contributions by leading experts in the field, this title provides timely, authoritative information on FDI that can be used by a wide audience, including practitioners, academics, researchers, and policy makers. Contributions to the Yearbook on International Investment Law & Policy 2012-2013 cover the 2012-2013 trends in international investment agreements, the Foreign Direct Investment (FDI) trends, and the challenge of investment policies for outward FDI, as well as a review of 2012 international investment law and arbitration. This edition contains essays from the Symposium on Sustainable Development and International Investment Law: Bridging the Divide. Also included are general articles providing an analysis of arbitral tribunal practice regarding the applicable law to state contracts under the ICSID Convention in the Twenty First Century; the role of municipal laws in investment arbitration; the status of state-controlled entities under international investment law, the US and the Trans-Pacific partnership (TPP); new 2012 US Model BITs; and the Regulation of FDI in Bolivia. This volume concludes with the winning memorials from the 2012 FDI International Moot Competition.
Posted in Law

Public Policy in International Economic Law

The ICESCR in Trade, Finance, and Investment

Author: Diane Desierto

Publisher: OUP Oxford

ISBN: 0191026484

Category: Law

Page: 432

View: 8865

States reject inequality when they choose to ratify the International Covenant on Economic, Social and Cultural Rights (ICESCR), but to date the ICESCR has not yet figured prominently in the policy calculus behind States' international economic decisions. This book responds to the modern challenge of operationalizing the ICESCR, particularly in the context of States' decisions within international trade, finance, and investment. Differentiating between public policy mechanisms and institutional functional mandates in the international trade, finance, and investment systems, this book shows legal and policy gateways for States to feasibly translate their fundamental duties to respect, protect, and fulfil economic, social and cultural rights into their trade, finance, and investment commitments, agreements, and contracts. It approaches the problem of harmonizing social protection objectives under the ICESCR with a State's international economic treaty obligations, from the designing and interpreting international treaty texts, up to the institutional monitoring and empirical analysis of ICESCR compliance. In examining public policy options, the book takes into account around five decades of States' implementation of social protection commitments under the ICESCR; its normative evolution through the UN Committee on Economic, Social and Cultural Rights, and the Committee's expanded fact-finding and adjudicative competences under the Optional Protocol to the ICESCR; as well as the critical, dialectical, and deliberative roles of diverse functional interpretive communities within international trade, finance, and investment law. Ultimately, the book shoes how States' ICESCR commitments operate as the normative foundation of their trade, finance, and investment decisions.
Posted in Law

The International Law of Property

Author: John G. Sprankling

Publisher: OUP Oxford

ISBN: 0191502529

Category: Law

Page: 400

View: 5953

Does a right to property exist under international law? The traditional answer to this question is no: a right to property can only arise under the domestic law of a particular nation. But the view that property rights are exclusively governed by national law is obsolete. Identifiable areas of property law have emerged at the international level, and the foundation is now arguably being laid for a comprehensive international regime. This book provides a detailed investigation into this developing international property law. It demonstrates how the evolution of international property law has been influenced by major economic, political, and technological changes: the embrace of private property by former socialist states after the end of the Cold War; the globalization of trade; the birth of new technologies capable of exploiting the global commons; the rise of digital property; and the increasing recognition of the human right to property. The first part of the book analyzes how international law impacts rights in specific types of property. In some situations, international law creates property rights, such as rights in aboriginal lands, deep seabed minerals, and satellite orbits. In other areas, it harmonizes property rights that arise at the national level, such as rights in intellectual property, rights in foreign investments, and security interests in personal property. Finally, it restricts property rights that may be recognized at the national level, such as rights in celestial bodies, contraband, and slaves. The second part of the book explores the thesis that a global right to property should be recognized as a general matter, not merely as a moral precept but rather as an entitlement that all nations must honour. It establishes the components of such a right, arguing that the right to property at the international level should be seen in the context of five key components of ownership: acquisition, use, destruction, exclusion, and transfer. This highly innovative book makes an important contribution to how we conceptualize the protection of property and to the understanding that much of this protection now takes place at the international level.
Posted in Law