Investor-state dispute settlement / United Nations Conference on Trade and Development.
2014
K3830 .I628 2014 (Map It)
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Details
Title
Investor-state dispute settlement / United Nations Conference on Trade and Development.
Published
New York ; Geneva : United Nations, 2014.
Call Number
K3830 .I628 2014
ISBN
9211128714
9789211128710
9789211128710
Description
225 pages : illustrations ; 21 cm.
System Control No.
(OCoLC)885475184
Note
"A sequel"--On cover.
Bibliography, etc. Note
Includes bibliographical references (pages 198-211).
Record Appears in
Government Document Classification Number
UNCTAD/DIAE/IA/2013/2
Added Corporate Author
Table of Contents
Preface
4
Executive Summary
13
Introduction
18
I.
Explanation Of The Issue
23
A.
Historical context
23
B.
Salient features of ISDS and criticisms of it
24
II.
Stocktaking And Analysis
30
A.
Consent to arbitration
31
1.
Approaches to consent in IIAs
31
2.
Conditions upon which State consent is granted
35
3.
Consent to different arbitration forums/rules
36
4.
Duration of consent
36
B.
Scope of ISDS
37
1.
Core provisions determining the scope of ISDS
38
2.
Additional provisions limiting the scope of ISDS
41
3.
Provisions determining the scope of the treaty
50
C.
Waiting periods and amicable settlement
55
1.
Waiting or "cooling-off" period
55
2.
Period for negotiations and consultations
56
3.
Notifying the host State of the dispute
57
4.
Consequences of not following the amicable settlement procedure
58
5.
Alternative dispute resolution
60
D.
Forums for IIA cases
62
1.
Available ISDS forums
62
2.
ICSID and UNCITRAL: a brief comparison
69
3.
Place (seat) of arbitration
78
E.
Arbitration and domestic courts
79
1.
Legal basis for a claim in domestic courts
81
2.
Mandatory recourse to domestic courts and administrative tribunals
82
3.
Preventing duplicative claims: "Fork-in-the-Road" and "No-U-turn" clauses
86
F.
Arbitrator selection and arbitrator challenges
91
1.
Nomination procedures
91
2.
Arbitrator qualifications
92
3.
Ethical standards of impartiality and independence
93
4.
Challenges to arbitrators
94
G.
Claims by investors on their own behalf and on behalf of an enterprise
96
H.
Frivolous claims
99
I.
Provisional measures
105
1.
Types of provisional measures
105
2.
Tribunal-ordered interim measures
106
3.
Court-ordered interim measures
107
4.
Relationship between tribunal-ordered and court-ordered interim measures
108
J.
Consolidation of claims
110
1.
Pros and cons of consolidation
111
2.
Premises for consolidation
112
3.
Consolidation provisions in arbitration rules
112
4.
Consolidation provisions in IIAs
113
K.
Counterclaims by respondent States
115
L.
Transparency of proceedings
121
1.
Access to documents
123
2.
Open hearings
124
3.
Amicus curiae participation in the proceedings
125
M.
Applicable substantive law
127
1.
Treaty provisions on applicable law
127
2.
Roles of the different sources of applicable law
131
3.
Issues related to multiple applicable laws
134
N.
States' involvement in the interpretative process
138
1.
Joint interpretation by the contracting parties
138
2.
Interpretation through IIA institutional processes
139
3.
Obligation of a tribunal to refer certain matters to the contracting parties
140
4.
Intervention by non-disputing Party
141
O.
Available remedies
143
P.
Costs of arbitration
145
1.
Arbitrator fees
146
2.
Cost allocation: arbitral rules and practice
147
3.
Cost allocation: IIA provisions
149
Q.
Review of arbitral awards
150
1.
Set-aside in national courts of non-ICSID Convention awards
151
2.
Annulment of ICSID Convention awards
153
R.
Enforcement of arbitral awards
156
S.
MFN clause: impact on ISDS
162
T.
"Umbrella" clauses and appropriate ISDS forums
164
1.
Varying interpretations
165
2.
Treaty solutions
167
III.
Outlook And Policy Options
169
A.
Improving ISDS treaty provisions
169
1.
Minimalist vs. detailed approach to ISDS provisions
170
2.
Policy options on specific ISDS issues
171
B.
Options for reforming the institutional structure of the ISDS system
191
1.
Introducing an appeals facility
192
2.
Creating a standing international investment court
194
C.
Promoting alternative dispute resolution and dispute prevention policies
195
References
198
Cases And Arbitral Awards
206
Selected Unctad Publications On International Investment Agreements, Transnational Corporations And Foreign Direct Investment
212
Questionnaire
223