Host States and State-State Investment Arbitration: Strategies and Challenges
The article aims at discussing whether State-State arbitration in foreign investments is an available strategy to host States. It revises the language of investment treaty provisions and inter-state arbitral awards and then analyses cases and treaty-making practice. This article concludes that the p...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2017 |
| País: | Brasil |
| Institución: | Centro de Ensino de Brasília (UNICEUB) |
| Repositorio: | Revista de Direito Internacional |
| Idioma: | inglés |
| OAI Identifier: | oai:oai.uniceub.emnuvens.com.br:article/4648 |
| Acceso en línea: | https://www.publicacoesacademicas.uniceub.br/rdi/article/view/4648 |
| Access Level: | acceso abierto |
| Palabra clave: | International Economic Law International Investment Law; State-State Arbitration; Investment Treaties; Host States; BITs. |
| Sumario: | The article aims at discussing whether State-State arbitration in foreign investments is an available strategy to host States. It revises the language of investment treaty provisions and inter-state arbitral awards and then analyses cases and treaty-making practice. This article concludes that the possibility of State-State arbitration is not a backlash. It constitutes an additional opportunity for host States to advance their understanding of the treaties and to provide balance to investment treaty commitments. While State-State arbitration may be a viable strategy, there are some challenges that need to be overcome. The definition of the term dispute, the obligation to consult on the meaning of provisions and the establishment of a clear hierarchy between State-State awards in relation to investor-State awards are some of the ways forward. |
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