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Principles of International Investment Law
By
Rudolf Dolzer and Christoph Schreuer
Description
- Offers a unique overview of the principles shaping the international law of foreign investment, as they have been defined in investment treaties and by the jurisprudence of international tribunals
- Analyses the dispute settlement mechanisms at work in State v. State and Investor v. State Arbitration
- Ideally suited as an introductory text for students on international investment law courses, or for practitioners new to the area
This book outlines the principles behind the international law of foreign investment. The main focus is on the law governed by bilateral and multilateral investment treaties. The book traces the purpose, context and evolution of the clauses and provisions characteristic of contemporary investment treaties, and analyses the case law interpreting the issues raised by standard clauses. Particular consideration is given to broad treaty-rules whose understanding in practice has mainly been shaped by their interpretation and application by international tribunals. In addition, the book introduces the dispute settlement mechanisms for enforcing investment law, outlining the operation of State vs. State and Investor vs. State arbitration.
Combining a systematic analytical study of the texts and principles underlying investment law with a jurisprudential analysis of the case law arising in international tribunals, this book offers an ideal introduction to the principles of international investment law and arbitration, for students or practitioners new to the field.
Readership:
Practitioners, Government Officials, scholars and students in the field of international investment
Contents
I. Background and Introduction
- The Object and Purpose of International Investment Law
- The History of International Investment Treaties
- The Evolving Context of Investment Rules - The Sources of International Investment Law
- Model Treaties
- Interpreting Investment Treaties
II. Investors and Investments Covered by International Agreements
- Nationals and Companies
- The Concept of Investment
- Application of International Agreements in Time
III. Investment Contracts
- Investment Contracts
IV. Admission and Establishment
- Admission and Establishment
V, Principles of Protection - Substantive Standards
- Fair and Equitable Treatment
- Full Protection and Security
- Protection from Expropriation
- Protecting Contractual Rights: The Umbrella Clause
- Access to Courts, Denial of Justice, Fair Procedure
- Armed Conflict and Emergencies
- Preserving Existing Rights
- Protection Against Arbitrary Treatment and Discrimination
- National Treatment
- Most Favoured Nation Treatment
- Transfer of Payments, Convertibility, Exchange Rights
VI. Questions of State Responsibility
- Attribution: Provinces, Municipalities
- The Role of State Entities
VII. Political Risk Insurance
- MIGA
- National Insurance Programmes
- Private Investment Insurance
VIII. Settling Investment Disputes
- State v. State Disputes
- Investor v. State Disputes
Authors, editors, and contributors
Rudolf Dolzer, Professor, University of Bonn, Germany and Christoph Schreuer, Professor of International Law, University of Vienna, Austria
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