Building International Investment Law: The First 50 Years of ICSID
The International Centre for Settlement of Investment Disputes (ICSID) is the premier international investment arbitration facility in the world. In its half-century of existence ICSID has administered more than 525 cases with parties, counsel, arbitrators, and conciliators from virtually every country in the world. Collectively, ICSID jurisprudence has defined international investment law.
This volume celebrates the first 50 years of ICSID by presenting the landmark cases that have been decided under its auspices. These cases have addressed every aspect of investment disputes: jurisdictional thresholds; the substantive obligations found in investment treaties, contracts, and legislation; questions of general international law; and a number of novel procedural issues. Each chapter, written by a knowledgeable expert on the chapter’s particular focus, looks at an international investment law topic through the lens of one or more of these leading cases, analysing what the case held, how it has been applied, and its overall significance to the development of international investment law. These topics include:
- applicable law;
- res judicata in investor-State arbitration;
- notion of investment;
- investor nationality;
- consent to arbitration;
- substantive standards of treatment;
- consequences of corruption in investor-State arbitration;
- State defenses
- counter-claims;
- assessment of damages and cost considerations;
- ICSID Arbitration Rule 41(5) objections;
- mass claims, consolidation and parallel proceedings;
- provisional measures;
- arbitrator challenges;
- transparency and amicus curiae; and
- annulment.
Because the law of international investment continues to grow in importance in an ever more globalizing world, this book is more than a fitting way to mark the past 50 years and to welcome the next 50 years of development. It will prove both educational for practitioners new to the field and informative for seasoned investment lawyers. Moreover, the book itself is a landmark that will be of great value to professionals, business people, scholars and students interested in international investment law.
| Pages | 776 |
|---|---|
| Publish Date | 12/22/2015 |
| Product Line | Kluwer Law International |
| ISBN | 9789041161338 |
| SKU | 9041161333 |
Editors
Contributors
Preface
PART I General Principles
CHAPTER 1 Applicable Law under the ICSID Convention: The Tortured History of the Interpretation of Article 42 W. Michael Reisman & Mahnoush H. Arsanjani
CHAPTER 2 Rules of Interpretation and Investment Arbitration Laurence Boisson de Chazournes
CHAPTER 3 The Use of the ILC’s Attribution Rules in Investment Arbitration James Crawford & Paul Mertenskötter
CHAPTER 4 On Burden and Standard of Proof Gary B. Born
CHAPTER 5 Res Judicata Charles N. Brower & Paula F. Henin
CHAPTER 6 Precedent & Jurisprudence Constante Abdulqawi Ahmed Yusuf & Guled Yusuf
PART II Jurisdiction
CHAPTER 7 The Tipping Point Jan Paulsson
CHAPTER 8 The Long March towards a Jurisprudence Constante on the Notion of Investment Emmanuel Gaillard & Yas Banifatemi
CHAPTER 9 Legality of Investment Jean Kalicki, Dmitri Evseev & Mallory Silberman
CHAPTER 10 Criteria to Determine Investor Nationality (Juridical Persons) Pierre Tercier & Nhu-Hoang Tran Thang
CHAPTER 11 Criteria to Determine Investor Nationality (Natural Persons) Christoph Schreuer
CHAPTER 12 Continuous Nationality Rule in Investor-State Arbitration Piero Bernardini
CHAPTER 13 Restructuring Investments to Achieve Investment Treaty Protection Stephen Jagusch, Anthony Sinclair & Manthi Wickramasooriya
CHAPTER 14 The Meaning of “Foreign Control” under Article 25(2)(B) of the ICSID Convention V.V. Veeder & Andrew Legg
CHAPTER 15 Indirect Shareholder Claims Gabriel Bottini
CHAPTER 16 Preconditions to Arbitration and Consent of States to ICSID Jurisdiction Pierre-Marie Dupuy
CHAPTER 17 Waiver of Local Remedies and Limitation Periods Andrea K. Bjorklund
CHAPTER 18 Maffezini v. Plama: Reflections on the Jurisprudential Schism in the Application of Most-Favored-Nation Clauses to Matters of Dispute Settlement Stephan W. Schill
PART III Standards of Protection
CHAPTER 19 The Minimum Standard of Treatment, Glamis Gold, and Neer’s Enduring Influence Jeremy K. Sharpe
CHAPTER 20 Fair and Equitable Treatment: Legitimate Expectations and Transparency Lucy Reed & Simon Consedine
CHAPTER 21 Fair and Equitable Treatment: Denial of Justice Margrete Stevens & Doak Bishop
CHAPTER 22 Arbitrary and Discriminatory Treatment Vaughan Lowe
CHAPTER 23 The Evolution of the Full Protection and Security Standard Stanimir A. Alexandrov
CHAPTER 24 Property Rights as the Object of an Expropriation Zachary Douglas
CHAPTER 25 Indirect Expropriation L. Yves Fortier & Stephen L. Drymer
CHAPTER 26 Effective Means to Assert Claims and Enforce Rights Oscar M. Garibaldi
CHAPTER 27 The Umbrella Clause Andrés Rigo Sureda
CHAPTER 28 National Treatment August Reinisch
CHAPTER 29 Most-Favored-Nation Treatment: Substantive Protection David D. Caron & Esmé Shirlow
CHAPTER 30 Performance Requirements Barton Legum & Ioana Petculescu
PART IV Exceptions, Defenses and Counterclaims
CHAPTER 31 The Consequences of Corruption in Investor-State Arbitration Carolyn B. Lamm & Andrea J. Menaker
CHAPTER 32 Police Powers or the State’s Right to Regulate Alain Pellet
CHAPTER 33 Denial of Benefits after Plama v. Bulgaria Mark Feldman
CHAPTER 34 Defenses Based on Necessity under Customary International Law and on Emergency Clauses in Bilateral Investment Treaties Peter Tomka
CHAPTER 35 Countermeasures and Investment Arbitration Donald McRae
CHAPTER 36 Counterclaims Anne K. Hoffmann
PART V Valuation and Cost Considerations
CHAPTER 37 Assessing Damages: Valuation Standards John Y. Gotanda
CHAPTER 38 The Impact of Contributory Investor Conduct: Only with Difficulty Commensurable Mark Kantor
CHAPTER 39 Allocation of Costs Donald Francis Donovan
CHAPTER 40 Security for Costs: Authority of the Tribunal and Third-Party Funding Eduardo Zuleta
PART VI Procedural and Other Matters
CHAPTER 41 The Role of Dissenting Opinions Albert Jan van den Berg
CHAPTER 42 ICSID Arbitration Rule 41(5) Objections Antonio R. Parra
CHAPTER 43 Consolidation and Parallel Proceedings Eduardo Silva Romero
CHAPTER 44 And Others: Mass Claims in ICSID Arbitration Veijo Heiskanen
CHAPTER 45 Interim/Provisional Measures Brigitte Stern
CHAPTER 46 Quo Vadis Disqualification? Marc Lalonde
CHAPTER 47 Conflict of Interest for Arbitrators and/or Counsel Philippe Sands
CHAPTER 48 A Case for Transparency in Investment Arbitration Toby Landau & Romesh Weeramantry
CHAPTER 49 Amicus Curiae in ICSID Arbitration J. Christopher Thomas
CHAPTER 50 Annulment Hi-Taek Shin
Index
