Evolution, Evaluation and Future Developments in International Investment Law: Proceedings of the 10 Year Anniversary Conference of the International Inve…

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

Edition: 1/2021
Copyright Year: 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
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1. Introduction No access Pages 31 - 34
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  1. 1. The Evolution of Consent in Investment Arbitration No access
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  2. 2. The Evolution regarding the Applicable Law in Tribunal Practice No access
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  3. 3. The Movement towards the Restriction of Investor Rights No access
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  1. 1. Evolution of the Contracting Parties’ Consent to Arbitrate No access
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  2. 2. Evolution of Applicable Law Clauses No access
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  3. 3. Trend Towards More Restrictive Treatment of Investor Rights No access
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4. Discussion No access Pages 57 - 58
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  1. 1. Introduction No access
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  2. 2. ‘Special, but embedded’ No access
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  3. 3. Normative Guidance for Investment Law No access
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  4. 4. Investment Law as a Motor of General International Law? No access
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2. International Investment Law and General International Law: Comment from Arbitrator’s Perspective No access Pages 71 - 74
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3. Discussion No access Pages 75 - 76
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    1. a) Treaty Protection No access
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    2. b) Further Investment Protection Measures No access
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    3. c) Changing Landscape No access
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    1. a) Types No access
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      1. (1) State as Legislator and Party to the Contract No access
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      2. (2) Complexity No access
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      3. (3) Long Duration No access
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      4. (4) Other Challenges No access
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  3. 3. Guidelines on Contract Drafting No access
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    1. a) Choice of Law Clauses No access
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      1. (1) Stabilisation Techniques No access
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      2. (2) Legal Remedies No access
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      3. Authors:
        aa) Define Scope Precisely No access
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        bb) Prevent the Host State from Circumventing the Clause No access
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        cc) Stabilise the Stabilisation Clause No access
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        dd) Involve the Host State No access
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      4. c) Dynamic and Flexible Clauses No access
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      5. Authors:
        (1) Consider ADR No access
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        (2) Notification Issues No access
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        (3) Interplay between the Dispute Resolution Mechanisms in the Investor-State Contract and any Investment Treaty (if any) No access
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        (4) Hybrid Dispute Resolution Clauses No access
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  5. 5. Outlook No access
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2. Investor-State Contracts: Comment from Arbitrator’s Perspective No access Pages 99 - 102
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3. Discussion No access Pages 103 - 104
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  1. Introduction No access
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    1. a) EU Investment Treaties with Canada, Singapore and Vietnam No access
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    2. b) Netherlands No access
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    3. c) UK No access
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    4. d) India No access
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  3. 2. Practical Implications of Current BITs No access
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  4. 3. International Investment Agreements do not Differentiate between Sustainable Investments and Unsustainable Investments No access
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  5. 4. Rethinking Economic Development No access
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  6. Conclusion No access
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2. Comment and Discussion No access Pages 121 - 122
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  1. 1. Introduction No access
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    1. a) The ICSID Framework for the Settlement of Investment Disputes No access
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    2. b) The Current Amendment Process No access
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    1. a) Overview No access
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    2. b) Review of Case Duration No access
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    1. a) Conduct Requirements No access
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    2. b) Streamlined Case Management No access
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    3. c) Arbitrators’ Timeliness No access
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    4. d) Controlling Costs No access
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    5. e) Expedited Arbitration No access
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  5. 5. Conclusion No access
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  1. 1. Introduction No access
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    1. a) Security for Costs No access
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    2. b) Third-Party Funding No access
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    1. a) Time and Costs No access
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    2. b) Consolidation No access
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  4. 4. The So-So No access
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3. Discussion No access Pages 145 - 146
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  1. 1. EU No access
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  2. 2. ICSID No access
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  3. 3. OECD No access
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  4. 4. UNCTAD No access
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  1. Introduction No access
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  2. 1. Origin of the Work on ISDS Reform at UNCITRAL No access
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  3. 2. Institutional Framework No access
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    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
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    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
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    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
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  5. Conclusion No access
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  1. 1. Inconsistent and “Incorrect” Outcomes No access
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  2. 2. Concerns Relating to the Independence and Impartiality of Arbitrators, Challenge Mechanisms and Diversity No access
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  3. 3. Overall Costs as well as Allocation of Costs in ISDS; Concerns in regard to Third-Party Funding No access
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4. Discussion No access Pages 181 - 182
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  1. 1. Evolution of International Investment Law No access
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  2. 2. A New Chapter in the History of International Investment Law No access
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  3. 3. Takeaways for the International Investment Law Centre Cologne No access
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