MVV163K Introduction to International Investment Law

Právnická fakulta
jaro 2015
Rozsah
0/1. 3 kr. Ukončení: k.
Vyučující
Mgr. Josef Ostřanský (přednášející), doc. JUDr. Jiří Valdhans, Ph.D. (zástupce)
Garance
doc. JUDr. Jiří Valdhans, Ph.D.
Katedra mezinárodního a evropského práva – Právnická fakulta
Kontaktní osoba: Mgr. Věra Redrupová, B.A.
Dodavatelské pracoviště: Katedra mezinárodního a evropského práva – Právnická fakulta
Rozvrh seminárních/paralelních skupin
MVV163K/01: Út 7. 4. 16:40–18:10 038, 18:15–19:45 038, St 8. 4. 16:40–18:10 038, 18:15–19:45 038, Po 13. 4. 16:40–18:10 038, 18:15–19:45 038, Út 14. 4. 18:15–19:45 038, St 15. 4. 18:15–19:45 038, J. Ostřanský
Předpoklady
MP601Zk MPS II
Solid knowledge of the English language; private international law course passed; basic knowledge of public international law desirable. Enrolment exception will be granted on the basis of a motivation essay. Please contact Vera Redrupova for more details.
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Předmět si smí zapsat nejvýše 30 stud.
Momentální stav registrace a zápisu: zapsáno: 0/30, pouze zareg.: 0/30
Mateřské obory/plány
Cíle předmětu
When a Czech company invests in a foreign country, what protections is it entitled to under international law? What are the remedies available to the company to enforce its rights in cases of prejudice to the company’s economic activities? Yet, what legal constraints faces the Czech Republic as a State when it intends to adopt regulation for the protection of a public interest that might negatively affect foreign investors? This course introduces the basic precepts of international law of foreign investments and addresses precisely this type of questions. It covers basic public international law aspects of the substantive investment protection (expropriation, fair and equitable treatment, national and most favoured nation treatment) both in customary and in treaty law (particularly bilateral investment treaties – BITs, NAFTA Chapter 11, Energy Charter Treaty, and comprehensive free trade agreements with investment chapters). The course examines procedural aspects of investment treaty arbitration, such as jurisdiction of the tribunal, admissibility of claims, and remedies. Lastly, the course also touches upon the relationship between international investment law and other branches of international law, in particular the EU law, as well as upon social, political and economic consequences of the current international investment regime.
Osnova
  • 1. History and Evolution of International Investment Law (IIL), Institutional Structure of the current IIL, Rationales of the current form of IIL, Nature of Investor Rights, State Responsibility
  • • From diplomatic protection to investment treaty arbitration
  • • International investment agreements (IIAs) and investment treaty arbitration:
  • - Institutions and forums for investment disputes: ICSID, other arbitration institutions, and ad hoc investment treaty arbitration
  • • Sources of IIL
  • - Applicable law and the hybrid nature of the current system: commercial versus public law tensions
  • - Typical structure of an IIA
  • • Economic and other empirical justifications for IIAs
  • • Nature of the investor’s rights: direct versus derivative model
  • • Basic elements of State responsibility: violation of international obligation, attribution
  • • IIL as a special type of delictual responsibility?
  • 2. Investment Treaty Arbitration: Jurisdiction and Admissibility
  • • Notion of investment and investor and the quid pro quo nature of investment treaty arbitration
  • • Notion of jurisdiction
  • • Principle of consent as a basic principle of international dispute settlement
  • • Other jurisdictional requirements
  • • Jurisdiction versus admissibility
  • - Shareholders’ claims
  • 3. Treaty versus Contract Claims, Umbrella Clauses, and Plea of Illegality
  • • Basis of investment claims: Treaty versus Contract
  • • Umbrella Clauses and wide dispute resolution clauses
  • • Plea of Illegality and its characterisation
  • • Counterclaims in Investment Treaty Arbitration
  • 4. Substantive International Investment Law: State Responsibility and Expropriation
  • • Expropriation:
  • - Lawful and unlawful
  • - Direct and indirect
  • - Regulatory expropriation
  • • Compensation
  • 5. Substantive International Investment Law: Fair and Equitable Treatment (FET) and the International Minimum Standard (IMS)
  • • FET and IMS: Convergence or divergence? And does it even matter?
  • • The concept of Legitimate Expectations
  • • Full Protection and Security Standard
  • • Responsibility of State for Adjudication: Denial of justice
  • 6. Substantive International Investment Law: National Treatment, MFN Treatment
  • • Operation of relative standards
  • • National Treatment
  • • MFN:
  • - Substantive MFN
  • - MFN as a tool for incorporating different dispute settlement clauses
  • - MFN as a tool for incorporation of a new substantive standards
  • 7. Substantive International Investment Law: State Defences – Circumstances Precluding Wrongfulness, Treaty Exceptions and Carve-outs, Doctrine of Police Powers
  • • Defences:
  • - Treaty carve-outs and exceptions
  • - Customary international law defences: circumstances precluding wrongfulness
  • - Doctrine of necessity: a case study of misunderstanding of the public international context of IIAs
  • - Police powers doctrine and margin of appreciation
  • 8. Remedies and Enforcement, IIL and EU Law, Revision
  • • Remedies in general international law
  • • Remedies in IIL:
  • - damages (types and calculation)
  • • Enforcement of investment awards
  • • IIL and EU Law: a battle over hegemony
Literatura
  • Students will be assigned only the pages/paragraphs relevant and necessary for the course. See Teacher's information for the full list.
Výukové metody
lectures, seminars, discussions
Metody hodnocení
Active class participation is expected and will count into the evaluation (20%). The remaining 80% of the student’s evaluation will be based on a written research paper of not more than 2,000 words on a topic assigned during the class.
Vyučovací jazyk
Angličtina
Informace učitele
Literature:
- Basic legal texts:
• ICSID Convention
• 1968 Vienna Convention on the Law of Treaties
• ILC Articles on Responsibility of States for International Wrongful Acts
• ILC Draft Articles on Diplomatic Protection
• NAFTA Chapter 11
• Energy Charter Treaty, Investment Protection
• Various BITs and FTA Investment chapters
- Basic textbooks:
• Z. Douglas, The International Law of Investment Claims (Cambridge University Press, 2009)
• C. McLachlan, L. Shore and M. Weiniger, International Investment Arbitration: Substantive Principles (Oxford University Press, 2007)
• J. E. Alvarez, The Public International Law Regime Governing International Investment, Hague Academy of International Law, 2011
• P. Muchlinski, F. Ortino and C. Schreuer, The Oxford Handbook on International Investment Law (Oxford University Press, 2008)
• A. Newcombe, L. Paradell, Law and Practice of Investment Treaties (Kluwer Law International, 2009)
• C. Schreuer, The ICSID Convention, A Commentary (2nd ed., Cambridge university Press, 2009)
• R. Dolzer and C. Schreuer, Principles of International Investment Law (2 ed., Oxford University Press, 2012)
- Selected Cases:
• Abaclat and Others v. Argentine Republic, ICSID Case No. ARB/07/5 (formerly Giovanna a Beccara and Others v. The Argentine Republic) , 4 August 2011, Decision on Jurisdiction and Admissibility, 28 October 2011, Dissenting Opinion of Prof. Abi-Saab;
• Archer Daniels Midland Company and Tate & Lyle Ingredients Americas, Inc. v. The United Mexican States, ICSID Case No. ARB (AF)/04/5, 21 November 2007, Award;
• Asian Agricultural Products Ltd. v. Republic of Sri Lanka, ICSID Case No. ARB/87/3, June 1990 Final Award and Dissent;
• CME Czech Republic B.V. v. The Czech Republic, UNCITRAL, 13 September 2001, Partial Award;
• CMS Gas Transmission Company v. The Republic of Argentina, ICSID Case No. ARB/01/8, 12 May 2005, Award, 25 September 2007 Decision on Annulment;
• Compañiá del Desarrollo de Santa Elena, S.A. v. The Republic of Costa Rica, Award, ICSID Case No. ARB/96/1, 17 February 2000, Final Award;
• Continental Casualty Company v. The Argentine Republic, ICSID Case No. ARB/03/9, 5 September 2008, Award;
• Corn Products International, Inc. v. United Mexican States, ICSID Case No. ARB (AF)/04/1, 15 January 2008, Award;
• Emilio Agustín Maffezini v. The Kingdom of Spain, ICSID Case No. ARB/97/7, 13 November 2000, Award;
• Fedax N.V. v. The Republic of Venezuela, ICSID Case No. ARB/96/3, Decision on Jurisdiction (1997);
• Fraport AG Frankfurt Airport Services Worldwide v. The Republic of the Philippines, ICSID Case No. ARB/03/25, Award (2007);
• Glamis Gold, Ltd. v. The United States of America, UNCITRAL, 8 June 2009
• Inceysa Vallisoletana S.L. v. Republic of El Salvador, ICSID Case No. ARB/03/26, Award (2006);
• Ioan Micula, Viorel Micula, S.C. European Food S.A, S.C. Starmill S.R.L. and S.C. Multipack S.R.L. v. Romania, ICSID Case No. ARB/05/20, 11 December 2013, Award on Merits;
• Loewen v. USA, Award, 26 June 2003, ICSID Case No. ARB (AF)/98/3;
• Malaysian Historical Salvors, SDN, BHD v. The Government of Malaysia, ICSID Case No. ARB/05/10, 17 May 2007, Award on Jurisdiction, 16 April 2009, Decision on Annulment;
• Metalclad Corporation v. The United Mexican States, ICSID Case No. ARB(AF)/97/1, 30 August 2000, Final Award;
• Methanex Corporation v. United States of America, UNCITRAL, 3 August 2005
• Parkerings-Compagniet AS v. Republic of Lithuania, ICSID Case No. ARB/05/8, 11 September 2007, Award;
• Phoenix v Czech Republic, ICSID Case No. ARB/06/5, Award (2009);
• Ronald S. Lauder v. The Czech Republic, UNCITRAL, 3 September 2001, Award;
• RosInvestCo UK Ltd. v. The Russian Federation, SCC Case No. V079/2005, Decision on Jurisdiction (2007);
• Roussalis v. Romania, ICSID Case No. ARB/06/1, Award (2011);
• Salini v. Morocco, ICSID Case No. ARB/00/4, Decision on Jurisdiction (2001);
• Saluka Investments B.V. v. The Czech Republic, UNCITRAL, 17 May 2006, Partial Award;
• SGS Société Générale de Surveillance S.A. v. Islamic Republic of Pakistan, ICSID Case No. ARB/01/13, Decision on Jurisdiction (2003);
• SGS Société Générale de Surveillance S.A. v. Republic of the Philippines, ICSID Case No. ARB/02/6, Decision on Jurisdiction (2004);
• Técnicas Medioambientales Tecmed, S.A. v. The United Mexican States, ICSID Case No. ARB (AF)/00/2, Award (2003);
• United Parcel Service of America Inc. v. Government of Canada, UNCITRAL, 24 May 2007, Award on the Merits.

Instructor:
Mr Josef Ostřanský is a PhD candidate at the Graduate Institute of International and Development Studies, Geneva, and a research assistant to Professors Zachary Douglas and Gabrielle Kaufmann-Kohler at the Geneva Center for International Dispute Settlement (CIDS). He has an extensive academic expertise in international investment law and arbitration, international dispute settlement and general international law. He is currently a researcher at the CIDS working on a research project empirically studying the impact of International Investment Agreements and Arbitration on Governance in Argentina, Czech Republic, India and Mexico, funded by the Swiss National Fund for Research. He has widely published in international law journals, among others in Journal of International Arbitration and Journal of International Dispute Settlement. He has delivered lectures and presentations on various topics in international investment law (at e.g. UNCTAD, Geneva; Tehran University, Iran), and has sat on the organizing commission of the Foreign Direct Investment Moot Competition. Mr Ostřanský obtained his first law degree at the Masaryk University, Faculty of law, studied at the Aarhus University, Denmark, and is an alumnus of the prestigious Geneva LL.M. in International Dispute Settlement (MIDS). He speaks English, French and Spanish.
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