Constitutionalization of international investment law: Indirect expropriation cases, fair and equitable treatment

The purpose of this paper is to explore the impact of international investment law rules in the Economic Constitutional Law, especially those included in investment chapters of Peruvian’s Free Trade Treaties. In particular, it is expected to demonstrate the following (i) International Investment Law...

Full description

Bibliographic Details
Authors: Higa Silva, César, Saco Chung, Víctor
Format: article
Status:Published version
Publication Date:2013
Country:Perú
Institution:Pontificia Universidad Católica del Perú
Repository:Revistas - Pontificia Universidad Católica del Perú
Language:Spanish
OAI Identifier:oai:ojs.pkp.sfu.ca:article/8903
Online Access:http://revistas.pucp.edu.pe/index.php/derechopucp/article/view/8903
Access Level:Open access
Keyword:international investments law
constitutionalization
fair and equitable treatment
indirect expropriation
rule of law
international law of human rights
consistency
consistent interpretation
investment climate
derecho internacional de las inversiones
constitucionalización
trato justo y equitativo
expropiación indirecta
derecho internacional de los derechos humanos
coherencia
interpretación coherente
clima de inversión
Description
Summary:The purpose of this paper is to explore the impact of international investment law rules in the Economic Constitutional Law, especially those included in investment chapters of Peruvian’s Free Trade Treaties. In particular, it is expected to demonstrate the following (i) International Investment Law is part of Peruvian Legal System; (ii) provisions of these laws are mandatory and should be applied domestically; and (iii) interpretation and implementation of this legal right should be executed consistently with domestic legal system and Peruvian international obligations. This agreed Interpretation between Investment Law and Economic Constitution will have a positive effect in rationalization of public entities actions avoiding abuses and maltreatment to investors, in order to improve investment climate as a key element forachieving country’s sustainable development.