Commentaries on Selected Model Investment Treaties

by Chester Brown

Overview

The existing literature on the substantive and procedural aspects of bilateral investment treaties (BITs) relies heavily on investment treaty arbitration decisions as a source of law. What is missing is a comprehensive, analytical review of state practice. This volume fills this gap, providing detailed analyses of the investment treaty policy and practice of nineteen leading capital-exporting states and emerging market economies.

The authors are leading experts in government, academia, and private legal practice, and their chapters are largely based on primary source materials. Each chapter provides a description of the regulatory or policy framework governing foreign investment (both inflows and outflows) with a historical presentation of the state's Model BIT; an examination of internal government processes and practices relating to treaty negotiation, conclusion, ratification and record-keeping; and a detailed article-by-article analytical commentary of the state's Model BIT, elucidating the policy behind each provision and highlighting the ways in which the actual investment treaty practice of that state deviates from this standard text. This commentary is supplemented by the case law relevant to that state's investment treaties.

This commentary will be of immense assistance to counsel and arbitrators engaged in arguing and determining the proper interpretation of BITs and investment chapters in Free Trade Agreements, and to government officials and scholars engaged in BIT policy formulation and implementation. It will serve as a standard resource for legal practitioners, scholars, policy-makers and other stakeholders in the field of international investment policy, law, and arbitration.

Product Details

ISBN-13:	9780199645190
Publisher:	Oxford University Press
Publication date:	03/01/2013
Series:	Oxford Commentaries on International Law
Pages:	1018
Product dimensions:	5.40(w) x 8.20(h) x 0.60(d)

About the Author

Dr. Chester Brown is Associate Professor at the Faculty of Law, University of Sydney, a Barrister at 7 Selborne Chambers, Sydney, and a door tenant at Essex Court Chambers, London, and Maxwell Chambers, Singapore. He previously served as Assistant Legal Adviser at the Foreign and Commonwealth Office, London, and prior to that he was Senior Associate in the International Law and International Arbitration Group of Clifford Chance LLP, London. He is the author of A Common Law of International Adjudication (OUP, 2007), which was awarded the ASIL Certificate of Merit. He was educated at the Universities of Melbourne, Oxford and Cambridge.

Table of Contents

1. Introduction, Chester Brown and Devashish Krishan2. Australia, Chester Brown3. Austria, August Reinisch4. Canada, Andrew Newcombe and Celine Levesque5. China, Norah Gallagher and Wenhua Shan6. Colombia, Jose Antonio Rivas7. France, Emmanuel Gaillard and Yas Banifatemi8. Germany, Rudolf Dolzer9. India, Devashish Krishan10. Italy, Federico Ortino11. Japan, Luke Nottage and Shotaro Hamamoto12. Republic of Korea, Shin Hi-Taek13. Latvia, Martins Paparinskis14. NAFTA, Andrea Bjorklund15. Netherlands, Nico Schrijver and Vid Prislan16. Russia, Sergey Ripinsky17. Singapore, Jean Ho18. Switzerland, Michael Schmid19. United Kingdom, Chester Brown and Audley Sheppard20. United States, Jeremy Sharpe and Lee Caplan