The Origin and Evolution of Investment Treaty Standards

Stability, Value, and Reasonableness

Federico Ortino author

Format:Hardback

Publisher:Oxford University Press

Published:24th Dec '19

Currently unavailable, and unfortunately no date known when it will be back

The Origin and Evolution of Investment Treaty Standards cover

This book provides a conceptual and legal analysis of the core of investment protection guarantees that emerge from international treaties signed since 1959 for the promotion and protection of foreign investment. It focuses on both the origin and evolution of investment treaty standards. Beginning with origins, the work considers the broader context at the time when the first modern investment treaty was concluded. It goes on to examine the many decisions of ad hoc arbitral tribunals that have since been called upon to apply these treaties in order to resolve the several hundred investor-State disputes. It also looks at some of the recent investment treaties that have attempted to clarify and/or reform the content and scope of investment protection guarantees. Federico Ortino posits that the key investment protection provisions in investment treaties, and thus much of the controversy associated with such treaties, revolve around three concepts: legal stability, investment's value, and reasonableness. He argues that, from the very beginning, the protections afforded to foreign investments by modern investment treaties have been exceptionally broad, and as such restrictive of host States' ability to regulate. And whilst a growing number of investment treaty tribunals, as well as new investment treaties, have to some extent reined in such broad protections, the evolution of key investment protection standards has been marred by inconsistency and uncertainty.

[B]y scrutinizing each case in its chronological and factual context, the author has done a fine job in illustrating the intricate differences between the stances taken by tribunals ... With his careful examination of recent invest treaty practice, the author has found several ways by which drafters can effectively curtail uncertainties surrounding certain terms in the BIT. It is safe to conclude that the book is a valuable contribution that would benefit treaty drafters and scholars alike. As this book provides concise factual background and detailed analysis of the legal arguments made by each tribunal, it can also assist practitioners in finding favourable cases and spotting unfavourable ones. * Kai-chieh Chan, Paris 2 Panthéon-Assas University, Journal of World Investment & Trade *

ISBN: 9780198842637

Dimensions: 237mm x 159mm x 19mm

Weight: 498g

210 pages