International investment law: reconciling policy and principle
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Oxford ; Portland, Oregon
Hart Publishing
2016
|
| Ausgabe: | Third edition |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028372008&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | xxxii, 306 Seiten |
| ISBN: | 9781509903016 |
Internformat
MARC
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| 250 | |a Third edition | ||
| 264 | 1 | |a Oxford ; Portland, Oregon |b Hart Publishing |c 2016 | |
| 300 | |a xxxii, 306 Seiten | ||
| 336 | |b txt |2 rdacontent | ||
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| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-028372008 | |
Datensatz im Suchindex
| _version_ | 1819338922349559808 |
|---|---|
| adam_text | Contents
Preface to the Third Edition........................................................v
List of Abbreviations............................................................xiii
Table of Cases...................................................................xvii
Table of Legislation.......................................................... xxiii
Table of Conventions, Treaties, Agreements.................................... xxv
Introduction...........................*.........................................1
1. International Investment Law in a Changing World...........»..................8
Introduction............................................................. 8
A New Turn in International Investment Law.................................8
Gradual Rejection of the Investor-State Dispute
Settlement Mechanism............................................... 9
Public Opposition to the Investor-State Dispute
Settlement Mechanism....................................................11
Changing State Practice...................................................13
Reasons for Opposition to the Investor-State Dispute
Settlement Mechanism.................................................. 14
The Impact of Change in State Practice....................................15
Attempts to Reconcile Competing Principles................................17
The Inherent Weaknesses of International Investment Law...................19
Indications for the Future................................................20
Conclusions...............................................................21
2. Evolution of International Investment Law....................................22
Introduction............................................................ 22
The Early Years...........................................................22
National Treatment versus International Minimum Standard..................23
The Era of Gunboat Diplomacy............................................ 27
Diplomatic Protection and the Treatment of Aliens in
International Law..................................................... 27
The Calvo Doctrine.................................................... 29
The Hull Formula,,.................................................. 32
Conclusion.......................................................... 34
3. International Efforts to Regulate Foreign Investment..................... 35
Introduction..............................................................35
The Havana Charter of 1948................................................35
The UN Declaration on Permanent Sovereignty over
Natural Resources.......................................................37
viii Contents
Attempts to Develop the Law Through the New International
Economic Order.......................................................40
The 1974 Charter of Economic Rights and Duties of States...............41
The UN Draft Code of Conduct for Transnational Corporations............43
An Appraisal of the Efforts Made in the UN.............................44
The Role of the World Bank.............................................46
International Convention on the Settlement
of Investment Disputes...............................................47
A ‘Silent Revolution’ in International Law?............................49
The Multilateral Investment Guarantee Agency (MIGA)....................51
The 1992 Guidelines of the World Bank..................................52
The WTO Agreements and Foreign Investment..............................55
The OECD Guidelines and the Multilateral
Agreement on Investment..............................................57
The 2011 OECD Guidelines...............................................60
The International Labour Organization’s Guidelines.....................60
Other Voluntary Schemes................................................61
An Inconclusive End to the Twentieth Century in Foreign
Investment Regulation................................................65
The Efforts Made at the Dawn of the Twenty-first Century...............65
The UN Commission and Council on Human Rights..........................67
Towards a Binding Instrument on Multinational Enterprises
and Human Rights.....................................................70
Anti-Corruption Conventions............................................70
A New Transparency Convention on Investor-State
Investment Arbitration...............................................73
International Bar Association Guidelines on Conflicts of Interest......74
Investment Arbitration Resolution of the Institut
de Droit International............................................. 74
The World Economic Forum in Davos and Investment Policy................75
The Shift in Emphasis on the Need for an International Agreement.......76
Conclusions.......................................................... 77
4. Protection of Foreign Investment in Customary International Law...........78
Introduction...........................................................78
Protection Under International Law and Domestic Law.................. 78
The Fundamental Principles of Foreign Investment Protection............79
The Objectives of the Principles..................................... 80
Definition of Investor and Investment..................................81
Fair and Equitable Treatment in Customary International Law............86
Full Protection and Security...........................................90
Most-Favoured-Nation Treatment.........................................91
National Treatment................................................... 94
Protection Against Expropriation in Customary
International Law.................................................. 98
The Standards of Compensation in Customary
International Law................................................. 104
Contents ix
Access to International Arbitration.....................................105
Conclusion.........................................*...................105
5. Protection of Foreign Investment Through Bilateral
Investment Treaties..................................................... 107
Introduction............................................................107
The Origins of Bilateral Investment Treaties...........................107
The Content of Bilateral Investment Treaties...........................108
The Significance of Bilateral Investment Treaties.......................109
Bilateral Investment Treaties for the Promotion
of Foreign Investment.................................................110
Greater Standard of Protection Under Bilateral
Investment Treaties...................................................Ill
Bilateral Investment Treaties as Insurance Against Political Risks.....113
Bilateral Investment Treaties as a Tool for Globalisation,
Economic Liberalisation and Privatisation ............................114
Mechanism to Expand International Standards and to
Codify the Lex Specialis..............................................115
Effect of Bilateral Investment Treaty Provisions as
Obligations Erga Ormes?...............................................116
Decentralisation of the Law of Foreign Investment.......................117
Limiting the Freedom of Action of States...............................117
Outlining the Conditions for Expropriation..............................118
Deviations from the Hull Formula........................................119
Exhaustion of Local Remedies............................................120
Investor-State Dispute Settlement Mechanism.............................121
Latin American Volte-Face...............................................123
US Volte-Face......................................................... 125
Acceptance of a Wider Definition of Investment..........................128
Like Circumstances......................................................129
Pre-establishment Rights................................................130
Definition of the Applicable Law........................................130
Time Limitations of a Claim.............................................131
Contractual Character of Bilateral Investment Treaties..................131
Protection Under Stabilisation Clauses in Investment
or State Contracts....................................................132
Protection Under the Umbrella Clause....................................133
Protection Under Regional Trade and Investment Treaties.................135
Protection Under Free Trade Agreements and
Model Bilateral Investment Treaties............................. 138
The Changing Character of Bilateral Investment Treaties............... 142
Conclusion ........................................................... 145
6. Fleshing Out the Principles Through Jurisprudence.......................... 146
introduction............................................................146
Fleshing Out the Principles of Foreign Investment Law...................146
Definition of Investment................................................149
x Contents
Standard Claims by Foreign investors.................................... 149
Definition of Expropriation......................................... 150
The Right to Expropriate..............................................151
Direct and Indirect Expropriation.....................................152
Determination of the Nature and Amount of Compensation................156
The Rights of Shareholders.......................................... 160
Exhaustion of Local Remedies..........................................163
Extension of the Frontiers of the Law of Foreign Investment...........164
The Trend in Creative Interpretation of the Law.......................166
Controversy Raised by Inconsistency...................................168
The Trend Towards Extensive Protection................................171
From International Minimum to Maximum
Standard of Treatment........................................... 173
Jurisprudence on Regulatory Expropriation.............................174
Modification of Customary International Law?..........................178
Extension of Bilateral Investment Treaty Protection
to Contractual Undertakings..................................... 182
Extension of the Most-Favoured-Nation Clause
to Establish Jurisdiction...........................................185
Conclusion............................................................187
7. Current Issues in International investment Law......................... 189
Introduction..........................................................189
The Law at a Crossroads...............................................190
Absence of Guidelines on the Standard of Compensation.................191
The Impact of Cross-Fertilisation of Competing Principles.............193
Problems Posed by the Expansive or Creative
Trend in Interpretation.............................................196
The Notion of Police Powers’ of States and
Regulatory Expropriation............................................197
Legitimate Expectations of Foreign Investors and the
Regulatory Powers of States.........................................200
Regulatory Measures to Protect the Environment........................201
Regulatory Measures to Protect Human Rights...........................204
Regulatory Measures in Pursuance of Social
and Economic Objectives........................................... 207
Regulatory Powers and the Protection Under Investment
or State Contracts..................................................208
Catch-All Interpretation of the Principle of Fair
and Equitable Treatment.............................................211
The Extent of Protection Under the Most-Favoured-Nation Clause........214
Public Disputes and Private Tribunals............................. 215
Difficulty in Application of Domestic Law by
International Tribunals.............................................216
Multiplication of Proceedings and Investment Tribunals................217
Contents xi
The Trend in Treaty-Shopping, Forum-Shopping and
Nationality-Shopping................................................218
Reverse Discrimination Between Domestic and Foreign Investors.........221
Anti-Corruption Law and Investment Disputes...........................222
The Institution of Exceptions and the Law
of Foreign Investment...............................................224
States Seeking to Restrain Tribunals rather than Vice Versa...........226
The Principle of Tabula Rasa and Investment
Treaties and Contracts..............................................227
The Notion of International Public Policy
and Investment Protection...........................................228
The Doctrine of Necessity in International Investment Law.............229
The Notion of Force Majeure in Foreign Investment Law.................232
Resource Nationalism and the Revival of the Calvo Doctrine............232
The Attempt to Seek Protection Against Commercial Risks...............234
The Investor-State Dispute Settlement Mechanism.......................234
Stabilisation and Umbrella Clauses....................................239
Conclusions......................................................... 240
8. Addressing Current Challenges in International Investment Law...........241
Introduction........................................................ 241
A Global Comprehensive Treaty on Foreign Investment...................241
A Global Model Treaty.................................................244
A Set of Interpretative Statements or Draft Articles
by the International Law Commission.................................245
Balanced Free Trade Agreements and Bilateral
Investment Treaties............................................... 246
Enhancing the Balancing Role of Investment
Tribunals and Courts................................................248
Creating an Appeal Mechanism Against Arbitral Awards..................251
Creation of an International Investment Court.........................255
Settlement of Investment Disputes by the WTO DSB......................256
Revision of Investment Contracts......................................258
Revision of Bilateral Investment Treaties Through a Protocol..........259
Revision of ICSID, UNCITRAL and Other Arbitration Rules...............259
Access for Victims to International Courts and Tribunals..............261
Defining the Standard or Conditions of Compensation...................262
Defining the Limits of the Amount of Compensation.....................265
Provision for Remedies Other than Monetary Compensation...............265
Discouraging Cherry-Picking5 in the Application of Rules.............266
National Investment Courts........................................ 267
Defining Responsibilties of Foreign Investors....................... 269
Alternative Dispute Settlement Mechanisms and an Independent
Ombudsman...........................................................269
Enabling Governments to Sue Companies.................................269
xii Contents
Enabling Civil Society Organisations and Individuals to Sue
Foreign Investors...................................................270
Recalibrating the Interpretative Authority of Governments........... 273
Use of General Exceptions to Protect the Policy
Space of States.....................................................273
Greater Protection Through National Law...............................274
National Arbitration as Opposed to International Arbitration..........276
National Commercial Courts or Hybrid Courts...........................277
Other National Dispute Avoidance and Dispute
Settlement Mechanisms...............................................277
Protection of Foreign Investment by Promoting
Human Rights........................................................278
Requirement to Exhaust Domestic Remedies..............................279
Conclusions........................................................... 281
Concluding Observations...................................................... 282
International Investment Law: Past, Present and Future....................282
Convergence of Views.................................................... 285
Change in State Practice..................................................289
The Future Direction.......................................................290
Index
293
|
| any_adam_object | 1 |
| author | Subedi, Surya P. 1958- |
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| dewey-tens | 340 - Law |
| discipline | Rechtswissenschaft |
| edition | Third edition |
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| id | DE-604.BV042945674 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T17:23:57Z |
| institution | BVB |
| isbn | 9781509903016 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028372008 |
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| physical | xxxii, 306 Seiten |
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| spellingShingle | Subedi, Surya P. 1958- International investment law reconciling policy and principle Auslandsinvestition (DE-588)4003772-1 gnd Internationales Recht (DE-588)4027447-0 gnd |
| subject_GND | (DE-588)4003772-1 (DE-588)4027447-0 |
| title | International investment law reconciling policy and principle |
| title_auth | International investment law reconciling policy and principle |
| title_exact_search | International investment law reconciling policy and principle |
| title_full | International investment law reconciling policy and principle Surya P. Subedi |
| title_fullStr | International investment law reconciling policy and principle Surya P. Subedi |
| title_full_unstemmed | International investment law reconciling policy and principle Surya P. Subedi |
| title_short | International investment law |
| title_sort | international investment law reconciling policy and principle |
| title_sub | reconciling policy and principle |
| topic | Auslandsinvestition (DE-588)4003772-1 gnd Internationales Recht (DE-588)4027447-0 gnd |
| topic_facet | Auslandsinvestition Internationales Recht |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=028372008&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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