El Centro Internacional de Arreglo de Diferencias Relativas a Inversiones es la institución líder en la resolución de controversias nacidas entre inversionistas y estados ya que los Estados lo han acordado así en la mayoría de los tratados internaciones de inversión o en contratos o en su legislación. Se trata de un proceso de arreglo […]
Investment Arbitration
Compensation for Violations of the Fair and Equitable Treatment Standard
Whereas nearly all modern international investment agreements prohibit unjust and inequitable treatment, they provide little guidance as to how the damages due to the injured investor are to be assessed. As the fair and equitable treatment (“FET“) standard itself is relatively imprecise and very much dependent on the specific circumstances of the individual case, tribunals […]
International Investment Arbitration and EU Law: A Comparison of Protections Provided to Foreign Investors and Suggested Solutions to Reconcile Both Legal Orders
In the context of mistrust towards international investment arbitration, overlap is taking place between two legal orders that tended to ignore each other in the past, international investment arbitration and EU law, creating friction between the two legal communities. These frictions materialized in the judgment of the CJEU in Slovak Republic v. Achmea (“Achmea“), the […]
Discriminatory, Unreasonable and/or Arbitrary Measures in Investment Arbitration
The prohibition of discriminatory, unreasonable and/or arbitrary measures affecting investors’ investments normally figures among the protection standards provided by bilateral or multilateral investment treaties. Although it is considered as an independent basis for a finding of State responsibility, some arbitral tribunals have considered that the standard of protection against arbitrariness or discrimination is closely linked […]
Intra-EU Investment Arbitration: Impact of EU Member States’ Declarations in the Wake of Achmea
In Achmea,[1] the Court of Justice of the European Union (CJEU) was asked to assess the compatibility of the dispute resolution clause contained in the Netherlands-Slovak Republic BIT with EU law. In March 2018, the CJEU held that the clause was incompatible based on the threat posed to the constitutional structure and autonomy of the […]
Инвестиционные споры с участием России
Несомненно, самыми известными инвестиционными спорами с участием России являются дела бывших акционеров ЮКОСа, рассмотренные арбитражем ad hoc при Постоянной палате третейского суда в Гааге.[1] Сейчас они находятся на рассмотрении Апелляционного суда Гааги и остаются одной из главных тем для обсуждения в арбитражной среде. При этом другие акционеры компании продолжают разбирательства в рамках так называемой “второй […]
Time Limitations and Stale Claims in Investment Arbitration
Investment arbitration sometimes deals with legal issues that are particularly well-rooted in national laws, whereas their application at the international level is less evident. One of these issues revolves around the concept of time limitations. In fact, host States of investment might build their defence based on this concept, arguing that investors’ claims are stale, […]
Final Version of the Netherlands Model BIT Released
Previously, we analysed the main features of the 2018 Draft Netherlands Model BIT and concluded that the instrument could mark a new era in investment arbitration in the Netherlands. The Draft was open to consultation until 18 June 2017. The finalized text was adopted and released on 19 October 2018. The final version of the […]
Legitimate Expectations in Investment Arbitration
In its judgment rendered on 1 October 2018 in the Bolivia v. Chile case, the International Court of Justice drew a distinction between public international law and investment arbitration with respect to the notion of legitimate expectations. The Court held that, contrary to bilateral investment treaties where the principle of legitimate expectations of foreign investors […]
