Regulatory Expropriation Claims in International Investment Arbitration: A Bridge Too Far?
Publikation: Beiträge in Sammelwerken › Aufsätze in Sammelwerken › Forschung › begutachtet
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Regulatory Expropriation Claims in International Investment Arbitration : A Bridge Too Far? / Asteriti, Alessandra.
Yearbook on International Investment Law and Policy 2012-2013. Hrsg. / Andrea Bjorklund. Oxford : Oxford University Press, 2014. S. 451-472.Publikation: Beiträge in Sammelwerken › Aufsätze in Sammelwerken › Forschung › begutachtet
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RIS
TY - CHAP
T1 - Regulatory Expropriation Claims in International Investment Arbitration
T2 - A Bridge Too Far?
AU - Asteriti, Alessandra
PY - 2014
Y1 - 2014
N2 - The article analyses how the investment legal regime accommodates exogenous environmental and sustainable development demands through the legal tools at its disposal, examining how tribunals respond to claims of regulatory expropriation. The article shows that some investment tribunals have either adopted the ad hoc balancing characteristic of the United States Supreme Court’s approach to regulatory takings claims, while others have attempted the proportionality analysis derived from European constitutional traditions. The article aims to assess if either of these approaches is more conducive than the other to due consideration being given to sustainable development’s objectives, offering the new practice of clarification and expansion of indirect expropriation clauses as the best guarantees for ‘sustainable investment protection.’
AB - The article analyses how the investment legal regime accommodates exogenous environmental and sustainable development demands through the legal tools at its disposal, examining how tribunals respond to claims of regulatory expropriation. The article shows that some investment tribunals have either adopted the ad hoc balancing characteristic of the United States Supreme Court’s approach to regulatory takings claims, while others have attempted the proportionality analysis derived from European constitutional traditions. The article aims to assess if either of these approaches is more conducive than the other to due consideration being given to sustainable development’s objectives, offering the new practice of clarification and expansion of indirect expropriation clauses as the best guarantees for ‘sustainable investment protection.’
KW - Law
KW - Investment
KW - environment
UR - https://global.oup.com/academic/product/yearbook-on-international-investment-law-and-policy-2012-2013-9780199386321?cc=de&lang=en&
UR - https://ssrn.com/abstract=2445050
M3 - Contributions to collected editions/anthologies
SN - 9780199386321
SP - 451
EP - 472
BT - Yearbook on International Investment Law and Policy 2012-2013
A2 - Bjorklund, Andrea
PB - Oxford University Press
CY - Oxford
ER -