Search Results for "interpretation-of-international-investment-treaties"

Interpretation of International Investment Treaties

Interpretation of International Investment Treaties

  • Author: Tarcisio Gazzini
  • Publisher: Bloomsbury Publishing
  • ISBN: 1782255656
  • Category: Law
  • Page: 424
  • View: 5279
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This book offers a systematic study of the interpretation of investment-related treaties – primarily bilateral investment treaties, the Energy Charter Treaty, Chapter XI NAFTA as well as relevant parts of Free Trade Agreements. The importance of interpretation in international law cannot be overstated and, indeed, most treaty claims adjudicated before investment arbitral tribunals have raised and continue to raise crucial and often complex issues of interpretation. The interpretation of investment treaties is governed by the Vienna Convention on the Law of Treaties (VCLT). The disputes relating to these treaties, however, are rather peculiar as they place multinational companies (or natural person) in opposition to sovereign governments. Fundamental questions dealt with in the study include: Are investment treaties a special category of treaty for the purpose of interpretation? How have the rules on interpretation contained in the VCLT been applied in investment disputes? What are the main problems encountered in investment-related disputes? To what extent are the VCLT rules suited to the interpretation of investment treaties? Have tribunals developed new techniques concerning treaty interpretation? Are these techniques consistent with the VCLT? How can problems relating to interpretation be solved or minimised? How creative have arbitral tribunals been in interpreting investment treaties? Are States capable of keeping effective control over interpretation?

The Interpretation of Investment Treaties

The Interpretation of Investment Treaties

  • Author: Trinh Hai Yen
  • Publisher: Martinus Nijhoff Publishers
  • ISBN: 9004274545
  • Category: Law
  • Page: 408
  • View: 813
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In The Interpretation of Investment Treaties, Trinh Hai Yen analyzes arbitral neglect or misapplication of international rules on treaty interpretation in investor-state arbitrations and proposes both adjudicative and legislative solutions.

Interpretation of International Investment Treaties

Interpretation of International Investment Treaties

  • Author: Tarcisio Gazzini
  • Publisher: N.A
  • ISBN: 9781474201988
  • Category: Commercial treaties
  • Page: N.A
  • View: 4176
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Overview of international investment treaties -- Main features of international investment treaties -- Ordinary meaning of the terms of the treaty -- Context -- Object(s) and purpose(s) -- Subsequent agreements and subsequent practice -- Other rules of international law -- Special meaning -- Supplementary means -- Plurilingual treaties -- Interpretative value of arbitral decisions -- Interpretative value of scholarly writings -- The role of states in the interpretation of investment treaties

Bilateral Investment Treaties

Bilateral Investment Treaties

History, Policy, and Interpretation

  • Author: Kenneth J. Vandevelde
  • Publisher: Oxford University Press, USA
  • ISBN: N.A
  • Category: Law
  • Page: 562
  • View: 5850
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Bilateral Investment Treaties: History, Policy, and Interpretation organizes, summarizes and comments upon the arbitral awards interpreting and applying BIT provisions. Policymakers and practitioners will find a thorough introduction to the operation of the BITs, including the principal arguments and case authorities on both sides of the major issues in international investment law. The book is intended to be a single-volume reference covering every important development in the 50 years of BIT programs worldwide, from 1959 until 2009. Author Kenneth Vandevelde argues that the primary purpose of the BITs is to promote the application of the rule of law to foreign investment, while a secondary purpose is to create a liberal investment regime. He further argues that BITs are based on six core principles: reasonableness, security, nondiscrimination, access, transparency and due process. The book explains each of these principles and analyzes the major BIT provisions based on them. Vandevelde addresses the host of complex questions that BITs engender: Do bilateral investment treaties attract foreign investment or otherwise contribute to economic development? Do BITs limit host state regulatory discretion too much? Why should countries continue to conclude BITs? What is meant by BIT guarantees of "fair and equitable treatment" and "full protection and security"? What is the scope of the BIT provision for most-favored-nation treatment? The book's expert analysis of these questions makes it useful to policy makers in the area of international economic relations, attorneys representing multinational companies, and anyone interested in the process of economic globalization.

The Interpretation of International Investment Law

The Interpretation of International Investment Law

Equality, Discrimination and Minimum Standards of Treatment in Historical Context

  • Author: Todd Weiler
  • Publisher: Martinus Nijhoff Publishers
  • ISBN: 9004232230
  • Category: Law
  • Page: 572
  • View: 3058
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In The Interpretation of International Investment Law: Equality, Discrimination and Minimum Standards of Treatment in Historical Context, author Todd Weiler demonstrates how historiographical analysis should be adopted in the interpretation of international investment law obligations. Weiler subjects some of the most commonly held beliefs about the nature and development of international investment law to a critical re-appraisal, based upon meticulously assembled historical record. In the process, the book provides readers with a fresh perspective on some of the oldest obligations in international law.

Law and Practice of Investment Treaties

Law and Practice of Investment Treaties

Standards of Treatment

  • Author: Andrew Paul Newcombe,Lluís Paradell
  • Publisher: Kluwer Law International B.V.
  • ISBN: 9041123512
  • Category: Political Science
  • Page: 614
  • View: 4540
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The book focuses on the substantive protections accorded to investors and investments and on the variations among jurisdictions. Among the many specific issues and topics that arise in the course of the discussion are the following: - problems of transparency and conflict of interest; - the recent growth in IIAs between and among developing nations; - the effect of new model bilateral investment treaties (BITs); - the ability of non-disputing parties to participate in investor-state arbitration; - theories of the interaction of foreign direct investment (FDI) and BITs; - investor-state arbitration as an evasion of public regulatory authority; - the role of investment funds in international investment; - 'fork in the road' provisions; and - institutional versus ad hoc arbitration. International business and other investors will greatly appreciate the in-depth information and insightful guidance in this solidly useful book. It will also be welcomed by jurists and students as a significant milestone in the development of principles in a quickly growing field of practice that is still plagued with inconsistencies.

Commentaries on Selected Model Investment Treaties

Commentaries on Selected Model Investment Treaties

  • Author: Chester Brown
  • Publisher: Oxford University Press
  • ISBN: 0199645191
  • Category: Law
  • Page: 895
  • View: 5669
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Model Bilateral Investment Treaties (BITs) are a state's blueprint for the investment treaties it negotiates with other states. This book compiles commentaries on the Model BITs of 19 key jurisdictions. It analyses state practice on international investment law, detailing each state's legislative regime on foreign investment and their BIT programme

Principles of International Investment Law

Principles of International Investment Law

  • Author: Rudolf Dolzer,Christoph Schreuer
  • Publisher: OUP Oxford
  • ISBN: 0191632139
  • Category: Law
  • Page: 456
  • View: 2266
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This book outlines the principles behind the international law of foreign investment. The main focus is on the law governed by bilateral and multilateral investment treaties. It traces the purpose, context, and evolution of the clauses and provisions characteristic of contemporary investment treaties, and analyses the case law, interpreting the issues raised by standard clauses. Particular consideration is given to broad treaty-rules whose understanding in practice has mainly been shaped by their interpretation and application by international tribunals. In addition, the book introduces the dispute settlement mechanisms for enforcing investment law, outlining the operation of Investor vs State arbitration. Combining a systematic analytical study of the texts and principles underlying investment law with a jurisprudential analysis of the case law arising in international tribunals, this book offers an ideal introduction to the principles of international investment law and arbitration, for students or practitioners alike.

The Law of Investment Treaties

The Law of Investment Treaties

  • Author: Jeswald W. Salacuse
  • Publisher: Oxford University Press, USA
  • ISBN: 019870397X
  • Category: Law
  • Page: 479
  • View: 4260
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New to this edition: Additional chapter on the consequences of treaty violations and the determination of damages in investor state disputes - Covers all treaties and free trade agreements that have been negotiated since the first edition - Includes analysis of trends from treaty negotiation

Treaty Interpretation in Investment Arbitration

Treaty Interpretation in Investment Arbitration

  • Author: J Romesh Weeramantry
  • Publisher: OUP Oxford
  • ISBN: 019163817X
  • Category: Law
  • Page: 312
  • View: 8640
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The rise of investment arbitration in the last decade has generated an unprecedented body of arbitral case law. The work of these arbitral tribunals has provided scholars and practitioners with public international law jurisprudence, including materials on treaty interpretation which has not yet been thoroughly analysed. This book evaluates the contribution of investment arbitration treaty interpretation jurisprudence to international law, covering all key aspects of treaty interpretation. Included in the book's coverage are awards which feature in prominent discussions or in applications of treaty interpretation rules. Among the significant portion of arbitral awards analysed, which deal with investment treaties, are ICSID awards, ad hoc investment arbitration awards, NAFTA awards, and Energy Charter Treaty awards. The extensive analysis of investment arbitration awards and decisions has also been used to create a table highlighting both the references to principles of treaty interpretation and instances in which they were rejected. This invaluable insight into the practice of investment tribunals will be of interest to both practitioners and academics alike. Foreword by by Professor Michael Reisman, Yale Law School _

Arbitral Awards As Investments

Arbitral Awards As Investments

Treaty Interpretation and the Dynamics of International Investment Law

  • Author: Maximilian Clasmeier
  • Publisher: Kluwer Law International
  • ISBN: 9789041183576
  • Category:
  • Page: 288
  • View: 2980
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This book presents the analysis of the existing tribunals' approaches to date. The book addresses the following questions: What is the foundation of interpretation in public international law and when is it adequately carried out? / Can arbitral awards constitute investments, offering relief from frustrated enforcement attempts? / Is there a trend of convergence to commercial and investment arbitration? / Do respective interpretative outcomes stem from adequate interpretation? / What are the ramifications, if interpretation is not fully adequate? / What are the feasible routes to greater interpretive discipline? This treatise on arbitral awards' qualification as investments within international investment law gives a detailed analysis of the interpretive approaches, their foundation and consequences. It will, from a theoretic point of view, provide value to international tribunals, counsel and sovereign entities.

The Future of Investment Arbitration

The Future of Investment Arbitration

  • Author: Catherine A. Rogers,Roger P. Alford
  • Publisher: Oxford University Press
  • ISBN: 0195371801
  • Category: Law
  • Page: 375
  • View: 6667
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Investment arbitration is at the cutting edge of international law and dispute resolution, and is predicted to be a major factor in the development of the global economic system in years to come. This one-volume monograph contains contributions from leading experts on a wide range of topics of both theoretical importance and practical implication that will affect the future of investment arbitration. The highly innovative chapters combine to form a constructive and valuable discussion for all in the arbitration field. The contributors, chosen to represent the full spectrum of perspectives, are leading arbitration experts from all over the world, including ICSID insiders, US government officials, UNCTAD research personnel, seasoned investment arbitrators and counsel, and renowned legal scholars. The book is divided into three themes, with the first centering on the adequacy of UNCITRAL and ICSID arbitration rules, with particular attention to recent and proposed changes. The second theme focuses on the future of bilateral investment treaties, discussing trends in the interpretation of treaty provisions and the debate concerning the efficacy of the treaties in benefiting developing countries. The third theme revolves around the public function of investment arbitration decisions, including the use of arbitration to resolve disputes between sovereigns and the arbitrators' role as a guardian of international public policy. The Future of Investment Arbitration is unique in its outstanding range of topics and the expertise of the contributors. It previews and guides future directions in the field, as well as discussing the larger policy implications of specific rules. It includes cutting-edge analysis of empirical research regarding BITS that is essential to evaluating many assumptions about investment law and arbitration. Finally, the book takes a broad perspective, examining the rules discussed within the larger structural context of investment arbitration, and drawing investment arbitration into the wider setting of international law and corporate governance.

The Multilateralization of International Investment Law

The Multilateralization of International Investment Law

  • Author: Stephan W. Schill
  • Publisher: Cambridge University Press
  • ISBN: 0521762367
  • Category: Law
  • Page: 451
  • View: 4552
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The book argues that international investment law is a structured body of law based on uniform principles of investment protection.

International Investment Law and Comparative Public Law

International Investment Law and Comparative Public Law

  • Author: Stephan W. Schill
  • Publisher: Oxford University Press
  • ISBN: 0199589100
  • Category: Law
  • Page: 836
  • View: 6881
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Investment treaty arbitration has a hybrid nature combining public international law (as regards its substance) with elements of international commercial arbitration (mainly as regards procedure). However, in essence and function it deals with a special, internationalised form of judicial review of governmental conduct that is more akin to the judicial control of governmental action provided for by national administrative and constitutional law than to either classic inter-state dispute resolution or international commercial arbitration. This has been recognised in some academic writing and several awards, where reference to national administrative law concepts and principles of international law-based judicial review of governmental action, such as international trade or human rights law, is used to help specify and apply the open-ended concepts of investment treaties. In-depth conceptualization is however often lacking. The current study is the first, pioneering effort to bring these under-developed ad hoc references to comparative and international administrative law concepts into a deeper theoretic and systematic framework. The book thus intends to develop a 'bridge' between treaty-based international investment arbitration and comparative administrative law on both a theoretical and practical level. The major obligations in investment treaties (indirect expropriation, fair and equitable treatment, national treatment, umbrella/sanctity of contract clause) and major procedural principles will be compared with their counterpart in comparative public law, both on the domestic as well as international level. That 'bridge' will allow international investment law to benefit from the comparative public law experience, which could enhance its legitimacy, its political acceptance, and its ability to develop more finely-tuned interpretations of central treaty obligations.

The Impact of Investment Treaties on Contracts Between Host States and Foreign Investors

The Impact of Investment Treaties on Contracts Between Host States and Foreign Investors

  • Author: Jan Ole Voss
  • Publisher: Martinus Nijhoff Publishers
  • ISBN: 9004192239
  • Category: Law
  • Page: 363
  • View: 9283
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In the field of investment treaty arbitration, the co-existence of contracts and treaties has generated an increasingly divided jurisprudence on central aspects of treaty interpretation. This book comprehensively examines the legal problems surrounding the relationship of these two instruments. ?????

International Investment Law: Understanding Concepts and Tracking Innovations A Companion Volume to International Investment Perspectives

International Investment Law: Understanding Concepts and Tracking Innovations A Companion Volume to International Investment Perspectives

A Companion Volume to International Investment Perspectives

  • Author: OECD
  • Publisher: OECD Publishing
  • ISBN: 9264042032
  • Category:
  • Page: 340
  • View: 2927
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A comprehensive source of information on four key issues: the definition of investor and investment; the interpretation of umbrella clauses in investment agreements; coverage of environmental, labour and anti-corruption issues; and the interaction between investment and services chapters in RTAs.

Investment Treaty Law

Investment Treaty Law

Current Issues Volume II : Nationality and Investment Treaty Claims, Fair and Equitable Treatment in Investment Treaty Law

  • Author: Federico Ortino
  • Publisher: BIICL
  • ISBN: 1905221088
  • Category: Business & Economics
  • Page: 261
  • View: 3179
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In 2005, as part of its research activities in the field of investment treaty law and arbitration, the Investment Treaty Forum at the British Institute of International and Comparative Law organized two very successful public conferences in London addressing the issues of 'Nationality and Investment Treaty Claims' and 'Fair and Equitable Treatment in Investment Treaty Law.' This publication records the presentations given by very distinguished experts in the field. The first conference addressed a central issue in international law. Nationality sits at the heart of the debate over the rights and participation of private parties in international relations. In international investment law, nationality constitutes one of the central criteria defining the scope of application of international investment agreements such as the International Centre for Settlement of Investment Disputes (ICSID) Convention or the several thousands bilateral investment treaties (BITs) and free trade agreements (FTAs). Topics addressed at the conference include the issue of nationality of physical and legal persons, the requirements for substantive and continuous nationality, as well as the issue of nationality in derivative actions and indirect claims. The second conference dealt with potentially the most important and elusive obligation imposed on States by international investment treaties: the fair and equitable treatment standard. The elements that are usually cited by the case law and by legal scholars in the attempt to describe the meaning of the fair and equitable treatment standard include very broad concepts that are open to differing interpretations depending fundamentally on the perceived objectives of the international investment system. Among the topics addressed at the conference were the application of the fair and equitable treatment standard in customary international law and in investment treaty practice; equivalent standards under domestic administrative law; the relationship between the fair and equitable standard and expropriation; and the relevance of the conduct of the investor in determining a breach of the fair and equitable treatment standard.

Prospects in International Investment Law and Policy

Prospects in International Investment Law and Policy

World Trade Forum

  • Author: Roberto Echandi,Pierre Sauvé
  • Publisher: Cambridge University Press
  • ISBN: 1107355605
  • Category: Law
  • Page: N.A
  • View: 9440
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The negotiation of a patchy but burgeoning network of international investment agreements and the increasing use to which they are put is generating a growing body of jurisprudence which, while still evolving, requires closer analytical scrutiny. Drawing on many of the most distinguished voices in investment law and policy, and offering novel, multidisciplinary perspectives on the rapidly evolving landscape shaping international investment activity and treaty-making, this book explores the most important economic, legal and policy challenges in contemporary international investment law and policy. It also examines the systemic implications flowing from frenetic recent judicial activism in investment matters and advances several innovative propositions for how best to promote greater overall coherence in rule-design, treaty use and policy making and thus offer a better balance between the rights and obligations of international investors and host states.

The Foundations of International Investment 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: 7120
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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.

The Development of International Investment Law

The Development of International Investment Law

Lessons from the OECD MAI Negotiations and Their Application to a Possible Multilateral Agreement on Investment

  • Author: Yusuf Caliskan
  • Publisher: Universal-Publishers
  • ISBN: 1599426706
  • Category: Business & Economics
  • Page: 388
  • View: 7935
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This dissertation analyses developments in the international regulation of foreign direct investment (FDI). The international legal framework of investment encompasses numerous binding or non-binding legal instruments, including customary international law, bilateral investment treaties, and international organizations' decisions and resolutions. The rules established by the international legal framework become effective and significant when they are able to be adapted by appropriate and compatible domestic law frameworks. Through analyzing the Turkish foreign investment regulations and policies, this study concludes that there is a successful and complex interaction between international rules and domestic rules on FDI. Like many developing countries, since the 1980s Turkey has revamped its FDI regulations in response to changes and developments in international investment law. This interaction will reach its culmination, if there is a comprehensive multilateral agreement on investment. This dissertation examines failures of the OECD MAI draft treaty since there are lessons to be learned from the MAI negotiations. Thus, it makes some recommendations both in relation to the substance and the procedure for a possible future negotiation of multilateral investment agreement.