International investment law and the pandemic:

"At the dawn of the most serious and challenging global health emergency of contemporary times, the investment regime, with its Investor-State Dispute Settlement (ISDS) mechanism, was already facing its own 'crisis'. In 2019, the number of treaty terminations were exceeding the number...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Alì, Antonino (VerfasserIn, HerausgeberIn), Faccio, Sondra 1982- (VerfasserIn, HerausgeberIn)
Weitere Verfasser: Pertile, Marco (HerausgeberIn)
Format: Buch
Sprache:English
Veröffentlicht: Leiden ; Boston Brill [2025]
Schriftenreihe:Nijhoff international investment law series
Schlagworte:
Zusammenfassung:"At the dawn of the most serious and challenging global health emergency of contemporary times, the investment regime, with its Investor-State Dispute Settlement (ISDS) mechanism, was already facing its own 'crisis'. In 2019, the number of treaty terminations were exceeding the number of new treaties entering into force, with the Energy Charter Treaty experiencing a veritable exodus. The ISDS was undergoing a reform, which aimed to dismantle the system based on ad hoc arbitration in favour of a multilateral court. States began to enact laws to review FDI in strategic sectors, concerned that foreign investors could undermine national security. Some commentators argued that the investment regime, and ISDS in particular, was 'shrinking', or even 'dead'.
Despite this, three years after the World Health Organization (WHO) declared the novel coronavirus (2019-nCoV) a public health emergency of international concern, the number of ISDS claims has continued to rise, even though only a few of them relate to measures taken by states during the pandemic. States have continued to negotiate a new generation of investment treaties, including provisions aimed at limiting the discretion of arbitral tribunals' and avoiding excessive restrictions on states' regulatory powers for health purposes. Overall, screening measures have not deterred FDI flows. However, it is undeniable that the pandemic may influence the changes already underway and may also question the capacity of the present system to respond to unexpected challenges.
For instance, crucial issues include the screening of FDI in strategic sectors, states' room to maneuver in adopting public policy measures, and the conduct of arbitral proceedings, including the use of experts and scientific knowledge. In this regard, the book embraces two different but interrelated perspectives. Firstly, it questions current reforms, concerning both arbitral proceedings and investment treaties, in light of the needs exposed by the pandemic. It also aims to understand whether such needs influenced the screening mechanisms. Secondly, it investigates the resilience of the present regime focusing on the challenges posed by the pandemic. Indeed, it is submitted that, regardless of the ongoing reforms, the current regime may already feature legal tools that allow for appropriate reaction capacity.
Beschreibung:XI, 271 Seiten
ISBN:9789004711198

Es ist kein Print-Exemplar vorhanden.

Fernleihe Bestellen Achtung: Nicht im THWS-Bestand!