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Books > Law > International law > Settlement of international disputes > International arbitration
International arbitration has developed into a global system of adjudication, dealing with disputes arising from a variety of legal relationships: between states, between private commercial actors, and between private and public entities. It operates to a large extent according to its own rules and dynamics - a transnational justice system rather independent of domestic and international law. In response to its growing importance and use by disputing parties, international arbitration has become increasingly institutionalized, professionalized, and judicialized. At the same time, it has gained significance beyond specific disputes and indeed contributes to the shaping of law. Arbitrators have therefore become not only adjudicators, but transnational lawmakers. This has raised concerns over the legitimacy of international arbitration. Practising Virtue looks at international arbitration from the 'inside', with an emphasis on its transnational character. Instead of concentrating on the national and international law governing international arbitration, it focuses on those who practise international arbitration, in order to understand how it actually works, what its sources of authority are, and what demands of legitimacy it must meet. Putting those who practise arbitration into the centre of the system of international arbitration allows us to appreciate the way in which they contribute to the development of the law they apply. This book invites eminent arbitrators to reflect on the actual practice of international arbitration, and its contribution to the transnational justice system.
While international investment law is one of the most dynamic and thriving fields of international law, it is increasingly criticized for failing to strike a fair balance between private property rights and the public interest. Proportionality is a tool to resolve conflicts between competing rights and interests. This book assesses its current role, its potential, and its limits in investor-State arbitration. Proportionality is often lauded for reconciling colliding interests. This book identifies three factors arbitrators should consider before engaging in a proportionality analysis: the rule of law, the risk of judicial law-making, and the availability of a value system that guides the proportionality analysis. Apart from making suggestions when arbitrators should apply proportionality and when not to, the book outlines what States can do to recalibrate the balance between private property rights and the public interest if they wish to do so without dismantling the current system of investor-State arbitration. Proportionality in Investor-State Arbitration considers whether and to what extent the notion of general principles of law within the meaning of Article 38(1)(c) of the ICJ Statute and the concept of systemic integration enshrined in Article 31(3)(c) of the Vienna Convention on the Law of Treaties provides a valid legal foundation for applying proportionality in investor-State arbitration.
Very Short Introductions: Brilliant, Sharp, Inspiring Arbitration is a legal dispute resolution mechanism, alternative to courts. It provides binding decisions, enforceable around the world. It is where parties take their disputes when they have agreed that courts, for one reason or another, do not suit them - which happens more often than one might think. Some of the most politically sensitive disputes on the largest scale go to arbitration. Countries which need to settle their boundaries in areas of the oceans rich in oil, gas and other resources sometimes arbitrate, and much of the war in Sudan was eventually tied up with an arbitration. Investors who have staked billions of dollars in unstable developing countries rely on arbitration clauses to protect their investments. But also much smaller, everyday cases are routinely dealt with by arbitration - millions of consumers, whether they know it or not, enter into arbitration contracts when they conclude routine transactions. Even athletes get involved in arbitration cases of great notoriety, for instance when these relate to doping offences during the Olympic Games. This Very Short Introduction explains what arbitration is, how it works, what parties who have agreed to go to arbitration should expect, the relationship between arbitration and the law, and the politics of arbitration. It also considers where the global system of arbitration is headed. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
This is the first comprehensive study of corruption in international investment arbitration. The book considers the limited effectiveness of efforts to combat transnational corruption in international law and the emergence of international investment arbitration as a singular means for effective control of corruption within the international legal order. The case law on corruption by investment tribunals is studied exhaustively, jurisprudential trends are identified, and reforms aimed at enhancing the effectiveness and fairness of investment arbitration as a mechanism to combat corruption are proposed. Divided into three parts, part I focus on the phenomenon of corruption in foreign investment and attempts at its control through international law. Part II analyses the available case law in international investment arbitration dealing with corruption. Llamzon identifies nine distinct trends emerging from the case law and provides a table summarizing the key areas of corruption decision-making and each relevant tribunal's approach, which is an invaluable tool for practitioners engaging in 'live' issues of corruption within arbitral proceedings. Part III reflects on the implications of these trends for both the 'supply' and 'demand' sides of corruption in international law, and proposes a integrative framework of decision for corruption issues in international investment arbitration.
In recent years, international business disputes have increasingly been resolved through private arbitration. The first book of its kind, Dealing in Virtue details how an elite group of transnational lawyers constructed an autonomous legal field that has given them a central and powerful role in the global marketplace. Building on Pierre Bourdieu's structural approach, the authors show how an informal, settlement-oriented system became formalized and litigious. Integral to this new legal field is the intense personal competition among arbitrators to gain a reputation for virtue -- including expertise in international arenas -- that will lead to selection for arbitration panels. Since arbitration fees have skyrocketed, this is a high-stakes game. Using multiple examples, Dezalay and Garth explore how international developments can transform domestic methods for handling disputes and analyze the changing prospects for international business dispute resolution given the growing presence of such international market and regulatory institutions such as the EEC, NAFTA, and the WTO.
Regionalism in International Investment Law provides a
multinational perspective on international investment law. In it,
distinguished academics and practitioners provide a critical and
comprehensive understanding of issues in a field which has grown
exponentially in its importance particularly over the last decade,
focusing on the European Union, Australia, North America, Asia, and
China.
Reaching past the secrecy so often met in arbitration, the second
edition of this commentary explains clearly and fully the workings
of the UNCITRAL Rules of Arbitral Procedure recommended for use in
1976 by the United Nations. This new edition fully takes account of
the revised Rules adopted in 2010 while maintaining coverage of the
original Rules where these remain relevant. The differences between
the old and the new Rules are clearly indicated and explained.
Investment protection treaties generally provide for the obligation
to treat investments fairly and equitably, even if the wording of
the rule and its relationship with the customary international
standard may differ. The open-textured nature of the rule, the
ambiguous relationship between the vague treaty and equally vague
customary rules, and States' interpretations of the content and
relationship of both rules (not to mention the frequency of
successful invocation by investors) make this issue one of the most
controversial aspect of investment protection law.
International investments are governed by three different legal frameworks: 1) national laws of both the host country and the investor's home country; 2) contracts, whether between the investor and the host country or among investors and their associates; and 3) international law, consisting of applicable treaties, customs, and general principles of law. Together, these three frameworks profoundly influence the organization, operation, and protection of foreign investments. Investors, government officials, and their legal counsel must therefore understand the complex interaction among these frameworks and how best to employ them to advance their interests. This book examines the content of each of these three legal frameworks for international investment and explores how they influence the foreign investment process and the nature of investment transactions, projects, and enterprises. The book is divided into five parts. Part I, after explaining the contemporary nature and significance of international investment, examines the theoretical and practical links between law and the investment process. Part II explores the nature of national laws regulating foreign investment. Part III considers of the various contractual frameworks for international investments, looking at their negotiation, content, and stability. Part IV sets out the international legal framework governing foreign investment, focusing on the content and nature of investment treaties and on general principles. Finally, Part V discusses how the three legal frameworks interact with each other. By comprehensively examining each of the applicable legal frameworks, this book provides a vital overview of the laws, rules, and regulations governing foreign investment for lawyers, scholars, students, and government officials. Three different legal frameworks are applicable to foreign investment: the laws of the host state and the investor's home country, the contract between the host state and the investor, and the rules and principles of international investment law. These three bodies of law interact with each other and must be analysed together when interpreting an investment agreement or arbitrating a dispute. This book examines the content of each of these three legal frameworks and explores how they influence the flow of foreign investment. The book is divided into five parts. Part I, after explaining the contemporary nature and significance of international investment, examines the theoretical and practical links between law and the investment process. Part II explores the nature of national laws regulating foreign investment. Part III explores the nature of the contractual framework for international investments, looking at their negotiation, content, and stability. Part IV sets out the international legal framework governing foreign investment, focusing on the content and nature of bilateral investment treaties and on general principles. Finally, Part V considers how the three legal frameworks interact with each other. By comprehensively examining each of the applicable legal frameworks, this book provides a vital overview of the laws, rules, and regulations governing foreign investment for lawyers, scholars, students, and government officials working in the field.
This book examines the history, principles, and practice of
awarding compensation and restitution in investor-State arbitration
disputes, which are initiated under investment treaties. The
principles discussed may be applied to all international law cases
where damage to property is an issue.
With the growth of the global economy over the past two decades, foreign direct investment (FDI) laws, at both the national and international levels, have undergone rapid development in order to strengthen the protection standards for foreign investors. In terms of international investment law, a network of international investment agreements has arisen as a way to address FDI growth. FDI backlash, reflective of more restrictive regulation, has also emerged. The Evolving International Investment Regime analyzes the existing challenges to the international investment regime, and addresses these challenges going forward. It also examines the dynamics of the international regime, as well as a broader view of the changing global economic reality both in the United States and in other countries. The content for the book is a compendium of articles by leading thinkers, originating from the International Investment Conference "What's New in International Investment Law and Policy?"
The role of the third party has fast become a pervasive problem in the field of international arbitration, as parties not bound by an arbitration agreement are seen to be excluded from the process, even if they clearly maintain a legal or financial interest in a dispute between other persons who are bound by an arbitration clause. Third Parties in International Commercial Arbitration considers the role of third parties in arbitration agreements and proceedings and in arbitral awards and covers significant theoretical and practical questions. These questions include: which is the proper party in arbitration; whether a tribunal can assume jurisdiction over claims by or against a party that is not designated in the arbitration clause (third-party claims); whether a party can rely on the findings of a previous arbitral award in subsequent proceedings against a third party; and whether a third party to an arbitral award can rely on its findings in proceedings against a party to the award. Adopting a comparative, international approach, third-party claims are discussed in relation to many areas such as assignment and other forms of transfer; agency (actual and apparent) and representation; third-party beneficiary; incorporation by reference; corporations and partnerships; in guarantees and other security agreements; construction contracts and string contracts; arbitral estoppel; group of companies and alter ego; implied consent and consent by conduct; name-borrowing; third parties claiming through or under an arbitration clause or several compatible arbitration clauses. The book also discusses issues about arbitral effect (res judicata and issue estoppel) and third parties. In Third Parties in International Commercial Arbitration Brekoulakis consolidates the discussion on issues where reasonable agreement among scholars and tribunals exists, but at the same time proceeds to identify those areas that require further convergence. He examines and classifies all the existing theories and legal bases on third-party claims in clearly defined groups and puts forward a new systematic approach to the discussion to be used as an alternative to the existing theories.
Bilateral Investment Treaties: History, Policy, and Interpretation
organizes, summarizes and comments upon the arbitral awards
interpreting and applying BIT provisions. Policymakers and
practitioners will find a thorough introduction to the operation of
the BITs, including the principal arguments and case authorities on
both sides of the major issues in international investment law. The
book is intended to be a single-volume reference covering every
important development in the 50 years of BIT programs worldwide,
from 1959 until 2009.
The dramatic rise in the number of international courts and
tribunals and the expansion of their legal powers has been one of
the most significant developments in international law of the late
20th century. The emergence of an international judiciary provided
international law with a stronger than ever law enforcement
apparatus, and facilitated the transformation of many aspects of
international relations from being power-based to being law-based.
This book offers a systematic analysis of the interaction between
international investment law, investment arbitration and human
rights, including the role of national and international courts,
investor-state arbitral tribunals and alternative jurisdictions,
the risks of legal and jurisdictional fragmentation, the human
rights dimensions of investment law and arbitration, and the
relationships of substantive and procedural principles of justice
to international investment law.
International investment law has become increasingly prominent in
the international legal order, spurred on by the explosion of
Bilateral Investment Treaties between States and a sharp rise in
international investment disputes. This rise to prominence has
however not always been matched by academic reflection on the
content of procedure of international investment law and its role
within general international law. This volume seeks to remedy this
situation by providing careful analysis of every area of
international investment law and its relationship with other legal
fields.
The London Court of Arbitration (LCIA) is one of the world's
foremost arbitration institutions, with a growing annual caseload.
The LCIA Arbitration Rules are among the most modern and
forward-looking of the various sets of institutional arbitration
rules but until now have not been the subject of in-depth study.
This is the first full length and comprehensive commentary on the
rules, written by two well-known and experienced arbitration
practitioners. Portable and functional, this book acts as a guide
and provides an indispensable resource for all involved in
international arbitration under the LCIA rules.
This publication from the International Bureau of the Permanent
Court of Arbitration (PCA) presents a collection of studies on the
key issues found in complex international commercial and investment
disputes. Renowned authors from Europe and North America consider
issues from perspectives emanating from both the Anglo-American and
Continental European legal systems.
With the increasing growth of international commercial transactions
in Asia and the Pacific, this work provides the essential rules and
laws governing commercial dispute resolution in these
jurisdictions. Litigation in a foreign jurisdiction can be time
consuming, expensive, and very uncertain. Thus, lawyers and
business professionals are now turning to arbitration and mediation
to find quick and inexpensive ways to resolve their commercial
disputes.
Terrorism: Documents of International and Local Control is a hardbound series that provides primary-source documents on the worldwide counter-terrorism effort. Chief among the documents collected are transcripts of Congressional testimony, reports by such federal government bodies as the Congressional Research Service and the Government Accountability Office, and case law covering issues related to terrorism. Most volumes carry a single theme, and inside each volume the documents appear within topic-based categories. The series also includes a subject index and other indices that guide the user through this complex area of the law. Detainee Treatment, Interrogation and Extraordinary Rendition in the War Against Terrorists leads researchers through the legal background to the headline-grabbing issue of coercive interrogation. The centerpiece of the volume is the section on the Yoo memo, a document prepared by the Bush Administration to lay the supposedly legal foundation for torturing detainees suspected of terrorism. While many press reports have discussed and partially quoted the memorandum, this volume constitutes the first publication of both the memo's full text and expert commentary thereof. General Editor Douglas Lovelace also equips readers with the background treaties and statutes necessary to understand the issue (the U.N. Convention Against Torture, the McCain Amendment to the Detainee Treatment Act of 2005, etc.), and he in turn makes those laws more comprehensible with his own thought-provoking analysis of them. Now that the question of torture's legality has become such a prominent topic in law school classrooms and in the halls of Congress, both students and policymakers will find a uniquely comprehensive and accessible resource for their queries in Volume 95 of Terrorism.
Until relatively recently, almost all contracts were domestic: both
the consumer and the supplier were from the same country and the
situation involved no substantial foreign elements. Technological
changes (in terms of international travel, means of communication
and information technology) have meant that it is a more frequent
occurrence for consumer contracts to involve a cross-border
dimension.
This companion to Transnational Commercial Law: Text, Cases and Materials contains up-to-date primary materials for students without linking commentary. This compilation of instruments covers areas such as treaty law, contracts, electronic commerce, international sales, agency and distribution, international credit transfers and bank payment undertakings, international secured transactions, cross-border insolvency, securities settlement and securities collateral, conflict of laws, civil procedure, and commercial arbitration
This book explores contemporary civil-military relations in the United States. Much of the canonical literature on civil-military relations was either written during or references the Cold War, while other major research focuses on the post-Cold War era, or the first decade of the twenty-first century. A great deal has changed since then. This book considers the implications for civil-military relations of many of these changes. Specifically, it focuses on factors such as breakdowns in democratic and civil-military norms and conventions; intensifying partisanship and deepening political divisions in American society; as well as new technology and the evolving character of armed conflict. Chapters are organized around the principal actors in civil-military relations, and the book includes sections on the military, civilian leadership, and the public. It explores the roles and obligations of each. The book also examines how changes in contemporary armed conflict influence civil-military relations. Chapters in this section examine the cyber domain, grey zone operations, asymmetric warfare and emerging technology. The book thus brings the study of civil-military relations into the contemporary era, in which new geopolitical realities and the changing character of armed conflict combine with domestic political tensions to test, if not potentially redefine, those relations.
The vitality or, alternatively, vitiation of the international arbitral process remains a pressing subject. The explosion of inter-State, investor-State, and international commercial arbitration in recent years magnifies the importance of the subject. This second edition combines the historical analysis of the first edition with a survey of the continued salience and contemporary developments for each of the three problems identified: (i) the severability of the arbitration agreement; (ii) denial of justice (and now other possible breaches of international law) by governmental negation of arbitration; and (iii) the authority of truncated international arbitral tribunals. The international arbitral process continues to be fortified against unilateral attempts to derail it and, to that end, this book will be a valuable guide for practitioners and scholars alike.
This book examines the compliance record of states parties to
proceedings before the International Court of Justice (ICJ), the
principal judicial body of the United Nations. It undertakes a
comprehensive analysis of the follow-up of the ICJ's judgments and
interim measures from the Court's creation in 1945 until the
present day. ICJ judgments and provisional measures from the Corfu
Channel case in the late 1940s to the Arrest Warrant Case decided
in 2002 are examined, with particular focus on state practice.
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