Investment Treaty Arbitration :Judging under Uncertainty ( Hersch Lauterpacht Memorial Lectures )

Publication subTitle :Judging under Uncertainty

Publication series :Hersch Lauterpacht Memorial Lectures

Author: Andrés Rigo Sureda;  

Publisher: Cambridge University Press‎

Publication year: 2012

E-ISBN: 9781316967584

P-ISBN(Paperback): 9781107022515

P-ISBN(Hardback):  9781107022515

Subject: D996.4 International Investment Law

Keyword: 法律

Language: ENG

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Description

How do arbitrators decide in the face of the uncertainty of the law between alternatives which may be equally justified? Investment treaty arbitration is a popular topic in international law, and the literature on investment treaty arbitration is extensive. However, Andrés Rigo Sureda's topic of how arbitral tribunals decide in the face of the uncertainty of the law has hitherto received little attention. Investment treaty arbitration is a popular topic in international law, and the literature on investment treaty arbitration is extensive. However, Andrés Rigo Sureda's topic of how arbitral tribunals decide in the face of the uncertainty of the law has hitherto received little attention. Investment claims have exposed the vague nature of the standards by which arbitral tribunals are expected to adjudicate them and the policy reasons which explicitly or implicitly have an influence. The ad hoc nature of the tribunals and the decisions reached on various controversial issues have brought to the fore the issue of consistency. Andrés Rigo Sureda's Hersch Lauterpacht Memorial Lecture examines how arbitral discretion is exercised in the face of uncertainty of the law. It explores the choices made by arbitral tribunals as they approach treaty interpretation, as they search for limits in determining jurisdiction and the content of the standards of protection and as they search for consistency in the exercise of arbitral discretion. Introduction; Part I. Discretion: The Search for Meaning: 1. Uncertainty, judicial discretion and policy; 2. Treaty interpretation; Part II. The Search for Limits: 3. Form or substance: the nationality of corporate claims; 4. Multiple approaches to define investment; 5. Legitimate expectations, risk and due diligence; Part III. The Search for Consistency: 6. Principles; 7. Precedent; 8. Publicists; Conclusion.

Chapter

Part I Discretion: the search for meaning

1 Uncertainty, judicial discretion and policy

2 Treaty interpretation

1. Clarity and common sense

2. Balance between purposes

3. Balance between purpose and text

4. Interpretation of silence: the MFN clause controversy

5. Interpretation of umbrella clauses

6. The weight of the non-disputing State party

Part II The search for limits

Introduction

3 Form or substance: the nationality of corporate claimants

1. Direct and indirect control

2. Transfer of shares

3. Indirect control by nationals of the host State

4. Misrepresentation

4 Multiple approaches to define investment

1. The comprehensive approach

2. Form or substance

3. Elements of `investment’: description or jurisdiction

(a) Risk

(b) Duration

(c) Contribution

4. Contribution of investment to economic development

5 Legitimate expectations, risk and due diligence

1. Fair and equitable treatment

(a) At what level is the standard set?

(b) Objective or subjective standard?

(c) Application of the standard

2. Full protection and security

3. Expectations and investor awareness of the BIT

Part III The search for consistency

Introduction

6 Principles

7 Precedent

1. The weight of precedent

2. Precedent and values

3. The interpretation of precedent: ratio decidendi and obiter dicta

4. Towards a stronger doctrine of precedent?

8 Publicists

Conclusion

Bibliography

Index

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