Yearbook on International Investment Law and Policy, 2013-2014.

Cover -- Series Editors -- YEARBOOK ON INTERNATIONAL INVESTMENT LAW &amp -- POLICY -- Copyright -- Table of Contents -- Detailed Table of Contents -- Submission Policy -- Contributors -- Foreword by Louis T. Wells -- Preface by the Editorial Committee -- Part One -- 1. Trends in International Investment and the Activities of Multinational Enterprises: 2013-2014 -- Introduction -- A. Trends -- 1. Global Overview -- 2. Regional Trends -- 3. Foreign Direct Divestment -- B. Vectors of Structural Change in the Global Investment System -- 1. The Rise of the MNSOE -- 2. International Investment and Global Value Chains -- Conclusions -- 2. International Investment Agreements, 2013: A Review of Trends and New Approaches -- Introduction -- A. Public Debate on Investment Policy -- B. The "Other" IIAs -- 1. Investor Protections -- a. Substantive Protections -- b. Procedural Protections -- 2. Investment Promotion, Economic Cooperation, and Sustainable Development -- a. Effective Enforcement, Non-derogation, and Non-lowering of Environmental or Labor Standards -- b. New Development: Non-Waiver of the Right to Regulate in the Public Interest -- c. Strengthening of Standards and Their Implementation -- d. Economic Development -- e. Consultations, Compliance, and Enforcement -- 3. The Larger Picture -- C. Canada in Africa: Heightened BIT Activity That Tracks Investments in the Extractive Industries -- 1. Performance Requirements -- 2. Protection against Breach of Investor-State Contracts -- 3. Incorporating Considerations of Domestic Policy and Corporate Social Responsibility in Investment Treaties -- D. The UNCITRAL Transparency Rules and Convention -- 1. Content of the Transparency Rules -- 2. Application of the Transparency Rules -- 3. The Transparency Convention -- 4. A Model for Broader Reform? -- Conclusion.

3. International Investment Law and Arbitration: 2013 in Review -- A. Jurisdiction -- 1. Jurisdiction Ratione Materiae -- a. Abuse of Process -- b. Treaty Standards -- i. Allegations of Illegality -- ii. ICSID Convention -- iii. Territorial Link -- iv. Sovereign Bonds -- 2. Jurisdiction Ratione Voluntatis -- a. Subject-Matter Limitation of Investment Treaty -- b. Mass Claims/Multi-Party Proceedings -- c. Jurisdiction by Means of Most-Favored Nations Clauses -- B. Merits -- 1. Fair and Equitable Treatment -- a. Legitimate Expectations -- b. Proportionality -- c. Denial of Justice -- d. Discriminatory and Arbitrary Treatment -- 2. Full Protection and Security -- 3. Umbrella Clause -- 4. Expropriation -- C. Compensation and Non-pecuniary Remedies -- 1. General Principle of Reparation -- 2. Non-pecuniary Remedies -- 3. Compensation for Expropriation: Lawful vs. Unlawful Distinction -- 4. Compensation for Violation of Non-expropriation Protections in Investment Treaties -- 5. Valuation of Damages -- a. Valuation Standards -- b. Valuation Methods -- 6. Date of Valuation -- 7. Moral Damages -- 8. Punitive Damages -- 9. Interest -- 10. Currency of the Award -- 11. Arbitration Costs and Legal Representation Costs -- 12. Limitations on Compensation -- a. Causality and Remoteness of Damages -- b. Discretion and Award for Damages -- D. Procedure, Enforcement, and Annulment -- 1. Burden/Standard of Proof -- a. General Principle -- b. Burden of Proof and Jurisdictional Matters -- c. Burden of Proof and Nationality -- d. Burden of Proof and Document Production -- 2. Challenges to Arbitrators -- a. Challenges to Arbitrators and Repeat Appointments -- b. Challenges to Arbitrators and Issue Conflicts -- c. ICSID's Manifest Lack of Qualities -- d. Challenges to Arbitrator and Swiss Verein Structures of Law Firms -- 3. Provisional/Interim Measures.

a. Provisional Measures and Statements to Media/Amicable Settlement -- b. Provisional Measures and Security Issues -- c. Provisional Measures and Advance Costs -- d. Provisional Measures and the Detention of a Ship Vessel -- 4. Third-Party Funding -- 5. Precedential Value of Earlier Decisions/Jurisprudence Constante -- a. General Rule -- b. Prior Cases and the MFN Debate -- 6. Annulment and Enforcement of Awards -- a. Annulment Proceedings -- b. Enforcement Proceedings -- Part Two British Institute of International and Comparative Law -- Introduction -- 4. The Principle of Proportionality and the Problem of Indeterminacy in International Investment Treaties -- Introduction -- A. International Investment Treaties and the Problem of Indeterminacy -- 1. Standards and Rules and the Need for Constitutional Values -- 2. Standards and Rules in Investment Treaties and the Constitutional Deficit -- B. The Problematic Principle of Proportionality -- 1. The Normative Content of Proportionality -- 2. The Consequentialist Assumption of the Commensurability of the State's Interests and the Individual's Rights -- 3. Open Questions about Weight and Decision-making Competence -- 4. Proportionality and Standards of Review -- C. A Proportionality Case Study: The Constitutional Character of Proportionality in the European Court of Human Rights -- D. Proportionality and Its Invocation and Use in Investor-State Arbitration -- 1. A Review of the Principal Awards -- a. S.D. Myers and Pope &amp -- Talbot v. Canada -- b. Tecmed and Its Progeny -- c. Occidental Petroleum v. Ecuador -- 2. Summary: The Problems, Limitations, and Hazards of Transplanting the Principle of Proportionality into International Investm -- E. Closing Considerations about the Persistent Problem of Indeterminacy and the Developing "New Normal" of Investment Treaty Ar -- Conclusion.

5. Proportionality, Reasonableness, and Standards of Review in Investment Treaty Arbitration -- Introduction -- A. Proportionality -- 1. The Merits of Proportionality -- 2. Against Proportionality -- B. Reasonableness -- 1. The Merits of Reasonableness -- 2. Against Reasonableness -- 3. Reasonableness in Investment Treaty Arbitration -- C. Standards of Review -- D. Proportionality, Reasonableness, and the Standards of Review -- Conclusions -- 6. Role of Investors' Legitimate Expectations in Defense of Investment Treaty Claims -- A. Sources of Legitimate Expectations -- 1. Rights and Corresponding Obligations under Domestic Law -- 2. Representations of the Host State -- 3. Forbearance by the Host State -- 4. Ultra Vires and Contra Legem Acts and Representations -- B. Defenses Based on the Absence of Legitimate Expectations -- 1. Jurisdictional Defenses -- 2. Merits Defenses -- a. Expropriation Claims -- b. FET Claims -- c. Umbrella Clause Claims -- 3. Defenses Regarding the Amount of Compensation -- Conclusion -- Part Three GENERAL ARTICLES -- 7. Balancing Investor Protection and Regulatory Freedom in International Investment Law: The Necessary, Complex, and Vital Sear -- Introduction -- A. Likeness, Competition, and Motive Review: The Legal and Normative Case -- B. Sensitivity and Scope: Distinguishing Regulatory Design vs. Application -- C. Operationalizing an Inquiry into State Purpose -- 1. "Subjective" and "Objective" Evidence of State Purpose -- 2. Text, Structure, and Effect of Measure -- 3. Legislative History -- 4. Timing: Ex Post Justification? -- 5. Domestic Court Rulings -- 6. External Justification -- 7. Multiple Purposes -- Conclusion -- 8. Jurisprudential Interaction between ICSID Tribunals and the International Court of Justice -- Introduction -- A. The Status and the Value of ICSID and ICJ Precedents in ICSID Arbitration.

1. The Legal Status of a Precedent -- 2. The Value of a Precedent -- a. Relevance of a Precedent -- b. The Quality of the Reasoning of a Precedent -- c. Reputation of the Adjudicator -- d. Which Weighs More? -- B. Dynamics of the Jurisprudential Interaction between ICSID Tribunals and the ICJ -- 1. The Hierarchical Relationship -- 2. Degree of Reciprocal Engagement -- 3. The Function -- a. Fulfilling the Mandate of Resolving a Dispute -- b. Enhancing Persuasiveness, Authority, or Legitimacy of Individual Decisions -- c. Cross-Fertilization -- e. Contributing to the Coherent Development of General International Law -- C. Grounds for the Jurisprudential Interaction -- 1. Normative Linkages -- a. Norms Directly Establishing the Relationship between Two Courts or Tribunals -- b. The Same Applicable Law -- c. Multi-Sourced Equivalent Norms -- 2. Institutional Linkages -- Conclusion -- 9. The Migration of Constitutional Ideas: The Strange Case of Proportionality in International Investment Law and Arbitration -- Introduction -- A. The Migration of Constitutional Ideas -- B. Proportionality: A Cosmopolitan Destiny? -- C. Proportionality in International Investment Arbitration -- D. Critical Assessment -- E. Theories and Methods of Comparative Constitutional Law: Function vs. Culture? -- Conclusions -- 10. Inconsistency in Investor-State Awards and the Role of State Interpretations: The Example of the Mexican Sweetener Trio of -- Introduction -- A. Background on Non-disputing Party Submissions and on the Sweetener Cases -- 1. Article 1128 Submissions Process -- a. Arguments and Holdings Related to Article 1128 -- b. Issues and Challenges Related to Article 1128 Submissions -- 2. Facts and Legal Context -- a. The NAFTA, Sugar, and HFCS in the mid-1990s -- b. The Mexican Sugar Crisis, Resulting Protective Measures, and Challenge.

B. Relationship between NAFTA's Investment and Trade Obligations: A Question of Jurisdiction or Damages Evaluation?.

The Yearbook on International Investment Law & Policy 2013-2014 monitors current developments in international investment law and policy, focusing on recent trends and issues in foreign direct investment (FDI). It begins with the 2013-2014 trends in international investment and the activities of multinational enterprises, a review of trends and new approaches in international investment agreements for 2013-2014, and a review of international investment law and arbitration for 2013. This edition contains a sample of the research and ideas generated by the Investment Treaty Forum at the British Institute of International and Comparative Law. Also included are pertinent general articles by leading experts in the field. This volume concludes with the winning memorials from the 2013 FDI International Moot Competition.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.