The debate on the reform of arbitration as investor-State dispute settlement method and the alternatives of an appellate mechanism and a multilateral investment court

Analyzes the current debate regarding the need for reform of arbitration as the preferred method to solve disputes between States and private investors, more specifically regarding the proposals of an appellate mechanism and a multilateral investment court. It presents the novelty of bringing intern...

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Detalles Bibliográficos
Autor: Urioste, Ricardo de
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:Perú
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Idioma:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/22827
Acceso en línea:http://revistas.pucp.edu.pe/index.php/agendainternacional/article/view/22827
Access Level:acceso abierto
Palabra clave:International investment law
international arbitration
international regime
investor-State dispute settlement
appellate mechanism
multilateral investment court
derecho internacional de las inversiones
arbitraje internacional
régimen internacional
solución de controversias inversionista-Estado
mecanismo de apelaciones
corte multilateral de inversiones
Descripción
Sumario:Analyzes the current debate regarding the need for reform of arbitration as the preferred method to solve disputes between States and private investors, more specifically regarding the proposals of an appellate mechanism and a multilateral investment court. It presents the novelty of bringing international regime theory into that discussion in order to highlight the idea that the underlying political balance has shifted towards substantially less tolerance of ad-hoc arbitration as an efficient mechanism to solve investor-State disputes. It reviews the main arguments in favor and against of an appellate mechanism and concludes by suggesting how these considerations are necessary in order to reach a legitimate definition of Peru`s position regarding this issue in the current international debate.