Fair and Equitable Treatment, ICSID Arbitration, ICSID Convention, Legitimate Expectations, Venezuela

(University of Vienna, Faculty of Law, Section for International Law and International Relations )/ /Leave a comment

The epitome – and uncontroversial part – of the legitimate expectations doctrine is that a sovereign’s failure to live up to its promises made towards an investor who relied on such promise to make an investment – or to continue an investment – is a breach of the fair and equitable treatment standard. Practice has,…

Fair and Equitable Treatment, Investment Arbitration, Investment protection, Investor, Legitimate Expectations

(University of Vienna, Faculty of Law, Section for International Law and International Relations )/ /2 Comments

It comes as no surprise to those familiar with investment treaty law to see the concept of legitimate expectations continuously refined by case law. One of the facets of legitimate expectations, which is most often the topic of intensive debate in the investment treaty arbitration arena, is the analysis of the extent to which representations…