Evolution, Evaluation and Future Developments in International Investment Law

Prof. Dr. Dr. h.c. Stephan Hobe LL.M.; Jun.-Prof. Dr. Julian Scheu LL.M.

doi:10.5771/9783748923756

Summary

The law on the protection of foreign investments is situated at the crossroads of international law and diplomacy in the context of a globalized economy. It is therefore not surprising that investment law has undergone fundamental changes in the last decade. The exponential growth of arbitration cases has illustrated a number of complex legal and political issues that have called into question the efficiency and legitimacy of investor State dispute settlement (ISDS). Thus, even for experts in the field it is challenging to keep track with the rapid and fundamental changes of what is often described as one of the most dynamic fields of international law.

Against this background, the present volume provides an ‘Evolution, Evaluation, and Future Developments in International Investment Law’. World leading academics and practitioners shed light on the most important developments such as the evolution of investment law and its relationship to general international law, the practical importance of State contracts, the role of investment protection in the age of climate change, and current reform projects under the auspices of ICSID and UNCITRAL.

The volume is based on six keynote speeches held at the 10 Year Anniversary Conference of the International Investment Law Centre Cologne.

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Bibliographic data

Copyright year: 2021
Publication date: 19.03.2021
ISBN-Print: 978-3-8487-7755-6
ISBN-Online: 978-3-7489-2375-6
Publisher: Nomos, Baden-Baden
Series: Studien zum Internationalen Investitionsrecht
Volume: 38
Language: English
Pages: 189
Product type: Edited Book

Titelei/Inhaltsverzeichnis No access Pages 1 - 26
Introduction No access Pages 27 - 30 Stephan Hobe
1. Introduction No access Pages 31 - 34 Karl-Heinz Böckstiegel
2. Christoph Schreuer
  1. 1. The Evolution of Consent in Investment Arbitration No access Christoph Schreuer
  2. 2. The Evolution regarding the Applicable Law in Tribunal Practice No access Christoph Schreuer
  3. 3. The Movement towards the Restriction of Investor Rights No access Christoph Schreuer
3. Claudia Annacker
  1. 1. Evolution of the Contracting Parties’ Consent to Arbitrate No access Claudia Annacker
  2. 2. Evolution of Applicable Law Clauses No access Claudia Annacker
  3. 3. Trend Towards More Restrictive Treatment of Investor Rights No access Claudia Annacker
4. Discussion No access Pages 57 - 58 Karl-Heinz Böckstiegel
1. Christian J. Tams
  1. 1. Introduction No access Christian J. Tams
  2. 2. ‘Special, but embedded’ No access Christian J. Tams
  3. 3. Normative Guidance for Investment Law No access Christian J. Tams
  4. 4. Investment Law as a Motor of General International Law? No access Christian J. Tams
2. International Investment Law and General International Law: Comment from Arbitrator’s Perspective No access Pages 71 - 74 Bruno Simma
3. Discussion No access Pages 75 - 76 Patricia Nacimiento
1. Anke Sessler
  1. Anke Sessler
    1. a) Treaty Protection No access Anke Sessler
    2. b) Further Investment Protection Measures No access Anke Sessler
    3. c) Changing Landscape No access Anke Sessler
  2. Anke Sessler
    1. a) Types No access Anke Sessler
    2. Anke Sessler
      1. (1) State as Legislator and Party to the Contract No access Anke Sessler
      2. (2) Complexity No access Anke Sessler
      3. (3) Long Duration No access Anke Sessler
      4. (4) Other Challenges No access Anke Sessler
  3. 3. Guidelines on Contract Drafting No access Anke Sessler
  4. Anke Sessler
    1. a) Choice of Law Clauses No access Anke Sessler
    2. Anke Sessler
      1. (1) Stabilisation Techniques No access Anke Sessler
      2. (2) Legal Remedies No access Anke Sessler
      3. Anke Sessler
        aa) Define Scope Precisely No access Anke Sessler
        bb) Prevent the Host State from Circumventing the Clause No access Anke Sessler
        cc) Stabilise the Stabilisation Clause No access Anke Sessler
        dd) Involve the Host State No access Anke Sessler
      4. c) Dynamic and Flexible Clauses No access Anke Sessler
      5. Anke Sessler
        (1) Consider ADR No access Anke Sessler
        (2) Notification Issues No access Anke Sessler
        (3) Interplay between the Dispute Resolution Mechanisms in the Investor-State Contract and any Investment Treaty (if any) No access Anke Sessler
        (4) Hybrid Dispute Resolution Clauses No access Anke Sessler
  5. 5. Outlook No access Anke Sessler
2. Investor-State Contracts: Comment from Arbitrator’s Perspective No access Pages 99 - 102 Rudolf Dolzer
3. Discussion No access Pages 103 - 104 Christian Borris
1. Markus Burgstaller
  1. Introduction No access Markus Burgstaller
  2. Markus Burgstaller
    1. a) EU Investment Treaties with Canada, Singapore and Vietnam No access Markus Burgstaller
    2. b) Netherlands No access Markus Burgstaller
    3. c) UK No access Markus Burgstaller
    4. d) India No access Markus Burgstaller
  3. 2. Practical Implications of Current BITs No access Markus Burgstaller
  4. 3. International Investment Agreements do not Differentiate between Sustainable Investments and Unsustainable Investments No access Markus Burgstaller
  5. 4. Rethinking Economic Development No access Markus Burgstaller
  6. Conclusion No access Markus Burgstaller
2. Comment and Discussion No access Pages 121 - 122 Markus Gabbert
1. Francisco Abriani
  1. 1. Introduction No access Francisco Abriani
  2. Francisco Abriani
    1. a) The ICSID Framework for the Settlement of Investment Disputes No access Francisco Abriani
    2. b) The Current Amendment Process No access Francisco Abriani
  3. Francisco Abriani
    1. a) Overview No access Francisco Abriani
    2. b) Review of Case Duration No access Francisco Abriani
  4. Francisco Abriani
    1. a) Conduct Requirements No access Francisco Abriani
    2. b) Streamlined Case Management No access Francisco Abriani
    3. c) Arbitrators’ Timeliness No access Francisco Abriani
    4. d) Controlling Costs No access Francisco Abriani
    5. e) Expedited Arbitration No access Francisco Abriani
  5. 5. Conclusion No access Francisco Abriani
2. Sebastian Seelmann-Eggebert
  1. 1. Introduction No access Sebastian Seelmann-Eggebert
  2. Sebastian Seelmann-Eggebert
    1. a) Security for Costs No access Sebastian Seelmann-Eggebert
    2. b) Third-Party Funding No access Sebastian Seelmann-Eggebert
  3. Sebastian Seelmann-Eggebert
    1. a) Time and Costs No access Sebastian Seelmann-Eggebert
    2. b) Consolidation No access Sebastian Seelmann-Eggebert
  4. 4. The So-So No access Sebastian Seelmann-Eggebert
3. Discussion No access Pages 145 - 146 Nadia Darwazeh
1. Moritz Keller
  1. 1. EU No access Moritz Keller
  2. 2. ICSID No access Moritz Keller
  3. 3. OECD No access Moritz Keller
  4. 4. UNCTAD No access Moritz Keller
2. Corinne Montineri
  1. Introduction No access Corinne Montineri
  2. 1. Origin of the Work on ISDS Reform at UNCITRAL No access Corinne Montineri
  3. 2. Institutional Framework No access Corinne Montineri
  4. Corinne Montineri
    1. a) Divergent Interpretations of Substantive Standards, Divergent Interpretations Relating to Jurisdiction and Admissibility, and Procedural Inconsistency – Lack of a Framework to Address Multiple Proc... No access Corinne Montineri
    2. b) Concerns Pertaining to Arbitrators and Decision Makers: Lack or Apparent Lack of Independence and Impartiality – Limitations in Existing Challenge Mechanisms – Lack of Diversity of Decision Makers ... No access Corinne Montineri
    3. c) Concerns Pertaining to Cost and Duration of ISDS Cases: Lengthy and Costly ISDS Proceedings and the Lack of a Mechanism to Address Frivolous or Unmeritorious Cases – Allocation of Costs in ISDS – C... No access Corinne Montineri
  5. Conclusion No access Corinne Montineri
3. August Reinisch
  1. 1. Inconsistent and “Incorrect” Outcomes No access August Reinisch
  2. 2. Concerns Relating to the Independence and Impartiality of Arbitrators, Challenge Mechanisms and Diversity No access August Reinisch
  3. 3. Overall Costs as well as Allocation of Costs in ISDS; Concerns in regard to Third-Party Funding No access August Reinisch
4. Discussion No access Pages 181 - 182 Moritz Keller
5. Julian Scheu
  1. 1. Evolution of International Investment Law No access Julian Scheu
  2. 2. A New Chapter in the History of International Investment Law No access Julian Scheu
  3. 3. Takeaways for the International Investment Law Centre Cologne No access Julian Scheu