Author: Irmgard Marboe
Publisher: Oxford International Arbitrati
Release Date: 2017-03-23
Fully revised and updated from the successful first edition, this title analyses the practice of international courts and tribunals with regard to the valuation of investment claims against states, paying specific attention to the question of interest. This new edition incorporates new jurisprudence, updates existing cases, and includes a new section on immaterial damage. The new edition also contains extensive annexes devoted to ICSID cases and non-ICSID investment cases, as well as a table on methods of valuation in international practice. This issue of valuation represents one of the most important aspects of international investment disputes. The parties involved have an obvious interest in an appropriate solution to the question of the quantum of damages. The sums involved are high and this is particularly true in the context of private foreign investment. With the increase in international investment both in the developing as well as the developed world, there is a growing need for a stable and predictable approach to quantum. This new edition meets the needs of foreign investors and host states by setting the issue of valuation on more solid ground. It provides an analysis of how international courts and tribunals have handled cases until now. The emphasis lies on the correct identification of the legal basis claim to inform the valuation method. The author concludes with suggestions and proposals as to how valuation should be handled by legal councils, experts, judges, and arbitrators in international judicial proceedings.
Author: Alexander J. Belohlávek
Publisher: Juris Publishing, Inc.
Release Date: 2013-03-01
A comprehensive review of the arbitration law and practice in the Czech Republic including: discussion of arbitration practice and procedure; an examination of the jurisdiction of the arbitral tribunal; the appointment of arbitrators including the challenge and replacement of arbitrators; an analysis of the various types of awards including a discussion on deliberations, agreements, settlements, and the costs of arbitration; a discussion on the amendment and challenge of awards including the liability of arbitrators; and, a review of the enforcement of domestic and foreign arbitration awards.
Author: Borzu Sabahi
Publisher: Oxford University Press
Release Date: 2011-06-30
Genre: Business & Economics
This is a concise guide for lawyers, valuation experts, academics, and students of the remedies that foreign investors may seek in international investment disputes. It provides an overview of the legal rules applicable in such circumstances and numerous case studies to show how they are used.
Damages in Investor-State Arbitration: Current Issues and Challenges addresses specificities of the assessment of damages in investor-state disputes reflecting the tensions between sovereignty and self-determination of states and their legal obligations towards foreign investors.
States reject inequality when they choose to ratify the International Covenant on Economic, Social and Cultural Rights (ICESCR), but to date the ICESCR has not yet figured prominently in the policy calculus behind States' international economic decisions. This book responds to the modern challenge of operationalizing the ICESCR, particularly in the context of States' decisions within international trade, finance, and investment. Differentiating between public policy mechanisms and institutional functional mandates in the international trade, finance, and investment systems, this book shows legal and policy gateways for States to feasibly translate their fundamental duties to respect, protect, and fulfil economic, social and cultural rights into their trade, finance, and investment commitments, agreements, and contracts. It approaches the problem of harmonizing social protection objectives under the ICESCR with a State's international economic treaty obligations, from the designing and interpreting international treaty texts, up to the institutional monitoring and empirical analysis of ICESCR compliance. In examining public policy options, the book takes into account around five decades of States' implementation of social protection commitments under the ICESCR; its normative evolution through the UN Committee on Economic, Social and Cultural Rights, and the Committee's expanded fact-finding and adjudicative competences under the Optional Protocol to the ICESCR; as well as the critical, dialectical, and deliberative roles of diverse functional interpretive communities within international trade, finance, and investment law. Ultimately, the book shoes how States' ICESCR commitments operate as the normative foundation of their trade, finance, and investment decisions.
Author: Anne Peters
Publisher: Mohr Siebeck
Release Date: 2014-04-09
Grundthese des Buches ist, dass ein Paradigmenwechsel stattgefunden hat, der den Menschen zum primaren Volkerrechtssubjekt macht. Diese These wird vor dem Hintergrund der Ideengeschichte und Dogmatik der Volkerrechtspersonlichkeit des Menschen entfaltet und auf die Rechtspraxis in zahlreichen Teilrechtsgebieten, angefangen vom Recht der internationalen Verantwortung uber das Recht des bewaffneten Konflikts, das Recht der Katastrophenhilfe, das internationale Strafrecht, das internationale Umweltrecht, das Konsularrecht und das Recht des diplomatischen Schutzes, das internationale Arbeitsrecht, das Fluchtlingsrecht bis hin zum internationalen Investitionsschutzrecht gestutzt. Der neue Volkerrechtsstatus des Menschen wird mit dem Begriff des subjektiven internationalen Rechts auf den Punkt gebracht.
Author: Zachary Douglas
Publisher: OUP Oxford
Release Date: 2014-05-01
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.
Author: Peter D. Cameron
Publisher: Oxford University Press on Demand
Release Date: 2010
Long term contracts have been used in the international petroleum industry since its earliest days. However, they have been prone to unilateral revision by host governments in countries where the petroleum reserves are located. In the 1970s a wave of nationalisations and contractrenegotiations led to a number of much cited arbitral awards and significant changes in contracting practice in the international petroleum industry. Recently, it has become clear that a new wave of unilateral state action is taking place in the international petroleum industry, most evidently inLatin America and Russia. These developments increase the tempo of a long-term process in which the exposure of largely privately owned Western energy companies to unilateral state action has been increasing. The book asks: how have legal processes and instruments developed to mitigate that growingexposure, and why have they had so little success? This monograph examines and assesses the variety of legal instruments from international and commercial law that have been designed to promote stability in long-term contracts in the international energy industry (including dedicated contract provisions, bilateral investment treaties andmultilateral treaty instruments). It covers both energy production and networks involving large-scale fixed infrastructure. It pays particular attention to their practical impact through an analysis of their enforcement by arbitration tribunals and bodies, such as the ICSID, the ICC and the LCIA.The book also examines the growing challenges presented by environmental and 'social' risk to the stability of long-term agreements. The book's approach is both analytical and historical, locating legal instruments and enforcement awards in their context, discussing their origins and purpose.
Author: Nils Schmidt-Ahrendts
Publisher: Mohr Siebeck
Release Date: 2007
English summary: In the case of non-performance by one party, the other contracting party may choose between three different remedies: specific performance, damages and contract avoidance. In this book, Nils Schmidt-Ahrendts deals with the relationship between these three remedies in the context of the CISG, a subject controversial in practice as well as in literature. The source of this controversial debate is the diverging conception in today's common and civil law jurisdiction. In aiming to meet the expectations of practitioners and scholars alike, the author addresses the practical impact of the diverging conceptions of common and civil law on the calculation of damages in the case of a covering transaction. In doing so, the author outlines a fair allocation of risks in fluctuating markets. German description: Das Verhaltnis von Erfullung, Schadensersatz und Vertragsaufhebung im UN-Kaufrecht (CISG) ist gepragt durch das unterschiedliche Verstandnis des civil und des common law . Nils Schmidt-Ahrendts untersucht die daraus resultierenden Auswirkungen auf die Ersatzfahigkeit der Mehrkosten von Deckungsgeschaften unter Berucksichtigung der dogmatischen Grundstruktur des CISG, des Gebots der Rechtssicherheit sowie des Gebots einer hinreichend flexiblen und wirtschaftlich angemessenen Losung. Er kommt zu dem Ergebnis, dass das CISG den Glaubiger nur dazu berechtigt, unter der Bedingung der vorangehenden Vertragsaufhebung seinen Schaden anhand eines konkreten oder hypothetischen Deckungsgeschafts zu berechnen. Hierdurch soll verhindert werden, dass er die erschwerten Voraussetzungen einer Vertragsaufhebung umgeht. Ein im CISG normiertes Gebot der Schadensminderung erlegt dem Glaubiger die Pflicht auf, nach wirksamer Vertragsaufhebung ein angemessenes Deckungsgeschaft vorzunehmen, verpflichtet ihn jedoch weder dazu, bereits vor Vertragsaufhebung ein Deckungsgeschaft zu tatigen, noch dazu, durch eine fruhzeitige Vertragsaufhebung die Voraussetzung fur ein solches zu schaffen. Ebenso wenig gestattet das CISG dem Glaubiger, einen aus einem vorzeitigen Deckungsgeschaft entstandenen Differenzschaden zu liquidieren. Eine Ausnahme ist nur im Falle eines die Kosten des Deckungsgeschafts ubersteigenden Verzugsschadens sowie im Falle einer endgultigen und ernsthaften Erfullungsverweigerung des Schuldners denkbar, nicht aber anlasslich eines sich allein ungunstig entwickelnden Marktpreises.