Investment Arbitration Under Mega-Regional Free Trade Agreements: A 21st Century Model

Author(s):  
Mark Feldman
2019 ◽  
Vol 32 (4) ◽  
pp. 781-800 ◽  
Author(s):  
Joanna Lam ◽  
Güneş Ünüvar

AbstractThis article scrutinizes the investment chapters in the new EU Free Trade Agreements from a transparency perspective. The article examines the claims that the dispute settlement mechanisms in the new treaties are sufficiently participatory and more transparent than their predecessors. Procedural standards related to confidentiality of proceedings shall be analysed in the context of existing transparency safeguards in investment arbitration. In addition to procedural guarantees of transparency, the article examines relevant substantive rules affecting participatory aspects of dispute settlement. Furthermore, the article discusses forum-shopping strategies of the parties in the field of investment-related disputes, including internal forum-shopping and parallel proceedings using different procedural mechanisms. In this context, lessons from other fields such as international commercial arbitration related to transparency (in cases in which public interest is present) are highlighted. The proposal for the establishment of an integrated, multilateral court for investment cases is also invoked.


2020 ◽  
Vol 11 (2) ◽  
pp. 335-363
Author(s):  
Shen Wei

Abstract Classic issues in international commercial arbitration such as parallel proceedings also emerge in international investment arbitration. The parallel existence of international investment arbitration and domestic litigation deserves careful analysis for the sake of international legal certainty and security. Given a small number of international investment arbitration cases involving China and its bilateral investment treaties (BITs), the issue of parallel proceedings in Chinese BIT law and practice is underinvestigated. This article tries to look into this issue by reference to the case of Hela Schwarz GmbH v PR China, an ongoing BIT arbitration case registered with the International Centre for Settlement of Investment Disputes. Some improvements have been made to relevant jurisdictional clauses in China’s more recent free trade agreements filling the gap in this grey area.


Europarecht ◽  
2020 ◽  
Vol 55 (2) ◽  
pp. 137-164
Author(s):  
Caroline Glöckle

Mit dem Ende der Übergangsphase (sog. transition period) nach dem Brexit kann das Vereinigte Königreich vollumfänglich von den vormals im Rahmen der gemeinsamen Handelspolitik gem. Art. 207 AEUV auf die Union übertragenen Kompetenzen zum Abschluss von Freihandelsabkommen Gebrauch machen. Neben Fragen, wie mit während der Unionsmitgliedschaft abgeschlossenen Freihandelsabkommen des Vereinigten Königreichs künftig verfahren werden soll (sog. „roll-over“-Problematik), stellt sich für die Zeit post-Brexit insbesondere im Kontext des Abschlusses neuer Freihandelsabkommen für das Vereinigte Königreich die Herausforderung, einen eigenen, d.h. nationalen Prozess zu gestalten. Ein solcher sollte vor dem Hintergrund des breit gefächerten Regelungsinhaltes umfassender Freihandelsabkommen (sog. comprehensive free trade agreements oder auch 21st century agreements) bestenfalls die gewachsenen Anforderungen an einen derartigen Prozess abbilden. Der folgende Beitrag widmet sich diesem Problemkreis unter rechtsvergleichender Berücksichtigung des unionalen wie auch des US-amerikanischen Verfahrens zur Verhandlung und zum Abschluss von (umfassenden) Freihandelsabkommen.


Author(s):  
Malintoppi Loretta ◽  
Yap Alvin

The independence and impartiality of arbitrators continue to be an actively debated issue, partly due to the perceived opaqueness and inconsistency of challenge decisions and the standards to be applied to those challenges. This has in turn elicited responses on three fronts, each of which is addressed in this chapter. First, arbitral institutions have recently either revised their rules and practices or introduced more innovative approaches to challenges of arbitrators. This is mirrored by the adoption of dedicated guidelines by professional associations on issues relating to conflicts of interests of arbitrators. Second, some States have introduced their own codes of conduct for arbitrators in bilateral and multilateral investment treaties and in the investment chapters of free trade agreements, which are designed to take precedence over the institutional rules governing the arbitration. Third, changes in the way challenges are being decided by arbitrators and appointing authorities have also emerged.


Author(s):  
Commission Jeffery ◽  
Moloo Rahim

This chapter examines the issue of transparency in treaty-based investment arbitration by focusing on the participation of third parties or non-disputing parties in disputes. More specifically, it considers the procedural issues that transparency mechanisms in bilateral-investment treaties and free-trade agreements, as well as in recently revised arbitral rules, create for arbitral tribunals and those appearing before them. After discussing non-disputing party practice in investment arbitrations, the chapter explains the practice of non-disputing state parties in UNCITRAL and International Centre for Settlement of Investment Disputes (ICSID) arbitrations. It also analyses transparency mechanisms beyond the participation of non-disputing parties in investment arbitrations from the written procedure through to the oral procedure, culminating in a tribunal's decisions and award.


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