Fair and Equitable Treatment

Arbitration, Eastern Europe, Fair and Equitable Treatment, Investment, Investment Arbitration, Investment protection, Investor, Investor-State arbitration, Switzerland

(Bottega Di Bella)/ /6 Comments

In the 2000s, mortgages in Swiss Franc (CHF) were very popular among consumers in Central, Eastern and Southeastern Europe for the acquisition of both private and commercial properties, as the CHF was a stable and reliable currency and offered lower interest rates than loans in Euro or in local currencies. When on 15 January 2015…

BIT, Fair and Equitable Treatment, India

(VVGB Advocaten and European Federation for Investment Law and Arbitration (EFILA))/ /Leave a comment

These two-parts blog posts look into the ways that states can control the exercise of tribunals’ discretion and their implications. Of course, states can prevent unintended results from happening by simply adding more specific language to their new BITs. But what can they do with the existing treaties? Due process concerns Joint interpretative statements, as…

Fair and Equitable Treatment, India

(VVGB Advocaten and European Federation for Investment Law and Arbitration (EFILA))/ /1 Comment

There are around 3,000 bilateral investment treaties (BIT) in force worldwide. Most of them are concise with broadly formulated investor rights and host state obligations. In practice, it is up to arbitral tribunals to give them the actual meaning. Many of those BITs are now being revisited. This recast movement comes from the policy concern…

Arbitration, Energy, Energy Charter Treaty, European Commission, Fair and Equitable Treatment, Investment Arbitration, Italy, Legitimate Expectations

(Omnia Strategy LLP)/ /Leave a comment

Introduction The investment solar energy saga triggered by the regulatory reforms in the renewable energy undertaken by Spain and Italy is likely to be the new Black Swan in the investment arbitration world, reaching the importance and controversy of the Argentinian crisis of 2001. In addition, the question whether the ISDS system has learnt the…

Fair and Equitable Treatment, NAFTA, Trans-Pacific Partnership, United States, USMCA

(Hanotiau & van den Berg)/ /1 Comment
Young ICCA

Despite apparent “America First” language in the US Summary of Objectives for the NAFTA renegotiation which appear contrary to the minimum standards of treatment and fair and equitable treatment, those protections are likely to remain in a new NAFTA. On 17 July 2017, the US Trade Representative published the “Summary of Objectives for the NAFTA…

Energy Charter Treaty, Fair and Equitable Treatment, Spain

(FERRERE Abogados)/ /1 Comment

A previous post analyzed the application of the fair and equitable treatment (“FET”) and legitimate expectations in the recent award in Eiser Infrastructure Ltd. v. Spain (ICSID Case No. ARB/13/36), the first ICSID case to reach a final award related to the measures Spain applied to roll-back certain incentives and benefits offered to promote investment…

Energy, Energy Charter Treaty, Fair and Equitable Treatment, Legitimate Expectations, Spain

(BakerHostetler)/ /Leave a comment

On May 4, 2017 the third final award on the Spanish energy arbitration saga was unveiled. After two wins against Charanne and Isolux Infrastructure (both SCC), this time the foreign investors scored a point, leaving the overall score table at 2-1. In Eiser, the first ICSID case to reach a final award related to the…

Fair and Equitable Treatment, Investment protection, Investor, U.S. Supreme Court, United States

(Three Crowns LLP)/ /Leave a comment
Three Crowns LLP

The U.S. Court of Appeals for the Fourth Circuit recently issued an en banc decision, in International Refugee Assistance Project IRAP v Trump, affirming the district court’s injunction against President Trump’s Executive Order temporarily suspending entry into the United States by individuals from six Muslim-majority countries. Although the case concerns the application of specialized U.S….

Argentina, Fair and Equitable Treatment, Qatar

(BakerHostetler)/ /2 Comments

Argentina recently entered into a new Bilateral Investment Treaty with Qatar. After 15 years of absence in this type of negotiations and several claims the country faced since the economic and financial crisis of 2001, Argentina sat again in the BIT negotiation table. This was a unique opportunity for Argentina to start from scratch, and…

Brazil, BRICS, Fair and Equitable Treatment, India, Investment, Investment agreements, Investment Arbitration, Investment protection, Investor, Model BIT, The Netherlands

(Lazareff Le Bars)/ /Leave a comment
ArbitralWomen

Much Ado About India’s Protectionist Model BIT The last week of November 2016 was an eventful and rather paradoxical week for India. While India and Brazil successfully concluded negotiations for a new Bilateral Investment Treaty (“BIT”), the India-Netherlands BIT expired. India has spent the past year refurbishing its investment agreements. According to UNCTAD, India is…

Brexit, Fair and Equitable Treatment, Investment Arbitration

(Notre Dame Law School)/ /2 Comments

Last month I was privileged to organize a conference at the University of Notre Dame’s London Global Gateway on the topic of UK trade and Brexit. The conference had three sessions: (1) UK trade negotiations with the EU; (2) UK trade negotiations outside the EU; and (3) UK’s post-Brexit status within the WTO. You can…

BIT, China, Customary international law, Expropriation, Fair and Equitable Treatment, Investment, Investment Arbitration, Investor, Laos, Macau, Singapore, Singapore Court of Appeal, Vienna Convention on the Law of Treaties

, , (Wilmer Cutler Pickering Hale and Dorr LLP)/ /1 Comment
WilmerHale

Part I of this two-part blog post summarized the recent judgment of the Singapore Court of Appeal (“SGCA” or the “Court”) in Sanum Investments Ltd. v Government of the Lao People’s Democratic Republic (“Sanum v Laos”). This Part II provides some comments on that judgment and its significance, including its impact on future Singapore court…

BIT, China, Customary international law, Expropriation, Fair and Equitable Treatment, Investment, Investment Arbitration, Investor, Laos, Macau, Singapore, Taxation, Vienna Convention on the Law of Treaties

, , (Wilmer Cutler Pickering Hale and Dorr LLP)/ /Leave a comment
WilmerHale

On 29 September 2016, the Singapore Court of Appeal (“SGCA” or the “Court”) released its much-anticipated judgment in Sanum Investments Ltd. v Government of the Lao People’s Democratic Republic (“Sanum v Laos”). In a carefully reasoned decision, Singapore’s apex court reversed a decision of the Singapore High Court, which had previously held that an UNCITRAL…

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,…

BIT, Costs in arbitral proceedings, Customary international law, Expropriation, Fair and Equitable Treatment, Free Trade Agreements, ICSID Arbitration, ICSID Convention, Investment Arbitration, Middle East, Treaty Interpretation, UAE, United States

(Blanke Arbitration LLC)/ /Leave a comment

This is Part II of a previous blog, discussing a recent Award dated 27 October 2015 rendered in ICSID Case No. ARB/11/33 – Adel A Hamadi Al Tamimi v. Sultanate of Oman and dismissing all claims against Oman (see Part I of the blog). By way of reminder, the claims brought in these ICSID proceedings…

Attribution, BIT, Costs in arbitral proceedings, Customary international law, Expropriation, Fair and Equitable Treatment, Free Trade Agreements, ICSID Arbitration, ICSID Convention, ILC Articles on State Responsibility, Investment Arbitration, Investment protection, Jurisdiction of the arbitral tribunal, Middle East, State Agency, UAE

(Blanke Arbitration LLC)/ /Leave a comment

By a Final Award dated 27 October 2015 (see ICSID Case No. ARB/11/33 – Adel A Hamadi Al Tamimi v. Sultanate of Oman), an international tribunal constituted under the International Convention for Settlement of Investment Disputes (ICSID), also commonly referred to as the Washington Convention, dismissed all claims brought by a US national against the…

Annulment, Arbitration Awards, Damages, Ecuador, Fair and Equitable Treatment, Latin America

(Herbert Smith Freehills)/ /Leave a comment

by Daniela Páez-Salgado, Herbert Smith Freehills (Assistant Editor for South America) On November 2, 2015, an ICSID-appointed Committee issued its Decision on Annulment in Occidental v Ecuador (Occidental Petroleum Corporation and Occidental Exploration and Production Company v. Republic of Ecuador, ICSID Case No. ARB/06/11). The Committee rejected twelve of the thirteen grounds for annulment raised…

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…

Amicus Curiae, European Commission, European Law, European Union, Fair and Equitable Treatment, ICSID Arbitration, ICSID Convention, Injunction, Investment Arbitration, Review on the merits, Romania, Sweden, Uncategorized

(University of Aberdeen )/ /Leave a comment

 ‘By putting its head in the sand, the ostrich can see no problems, and if it can’t see any problems, they don’t exist”[1] To what extent can legal systems differ? Can these differences be legitimate enough to collapse a “conflictive” legal system? These two ambitious questions are difficult to be answered in one go, and…

Expropriation, Fair and Equitable Treatment, ICSID Arbitration, Investment

/ /2 Comments

One of the fundamental issues of investment cases – apparently more frivolous than the strictly legal battles – takes the form of debates over the applicable compensation standard. Historically speaking, the problem was mainly put forth for breaches of Bilateral Investment Treaties that referred to expropriatory behaviors of signatory states. Therefore, if this specific type…

Fair and Equitable Treatment, ICSID Arbitration, ICSID Convention

(Clyde & Co LLP) and (Advocate, Arbitrator and Mediator)/ /Leave a comment
Clyde & Co.

The case of Perenco Ecuador Limited v Republic of Ecuador, ICSID Case No. ARB/08/6 (Decision, 12 September 2014), is one of a number of investor-state disputes to arise from the Ecuadoran government’s policies on the so-called “extraordinary income” of oil companies operating in its territory in the mid to late 2000s. Keen followers of international…

BIT, Expropriation, Fair and Equitable Treatment, Investment, Investment Arbitration, Investor, Most Favoured Nation (MFN), Switzerland, Treaty, UNCITRAL Transparency Rules

(Homburger), (Quinn Emanuel Urquhart & Sullivan), and (Homburger )/ /Leave a comment
ArbitralWomen

The views expressed in this article are those of the authors alone and should not be regarded as representative of, or binding upon ArbitralWomen and/or the authors’ respective law firms. While the press has been full lately of a reported backlash against investment arbitration, Switzerland has been making quiet progress in its efforts to update…

BIT, Expropriation, Fair and Equitable Treatment, Fair market value, ICSID Convention, International Court of Justice, Investment, Investment Arbitration, Investment protection, Investor, Permanent Court of International Justice

(International Moot Court Competition Association (IMCCA))/ /Leave a comment

and Oleg Temnikov I. Foreword At the end of 2013, the Financial Times reported that a referendum will be held in Berlin on the question whether the State shall take over power supply from the hands of Vattenfall. We use this as an occasion to examine the legal implications in the field of investment arbitration…

Fair and Equitable Treatment, NAFTA, Permanent Court of Arbitration

(University of Ottawa Faculty of Law, Civil Law Section)/ /Leave a comment

Last week the hearing on jurisdiction and liability in an arbitration between Bilcon of Delaware et al. and the Government of Canada was streamed live on the website of the Permanent Court of Arbitration (‘PCA’). One of the most disputed issues between the parties in this case is the meaning and the scope of the…