Stability and Legitimate Expectations in International Energy Investments

Erscheinungsjahr 2023
ISBN: 978-1-5099-5207-6
Verlag: Bloomsbury 3PL

Buch, Englisch, 304 Seiten, Paperback, Format (B × H): 156 mm x 234 mm, Gewicht: 404 g

This book assesses stability guarantees through the lens of the legitimate expectations principle to offer a new perspective on the stability concept in international energy investments. The analysis of the interaction between the concepts of stability and legitimate expectations reveals that there are now more opportunities for energy investors to argue their cases before arbitral tribunals.

The book offers detailed analyses of the latest energy investment arbitral awards from Spain, Italy and the Czech Republic, and reflects on the state of the art of the legitimate expectations debate and its relationship with the stability concept. The author argues that, in order to achieve stability, the legitimate expectations principle should be employed as the main investment protection tool when a dispute arises on account of unilateral host state alterations.

This timely work will be useful to both scholars and practitioners who are interested in international energy law, investment treaty arbitration, and international investment law.

Autoren/Hrsg.

Kopar, Rahmi

Cameron, Peter D

Bekker, Pieter

Fachgebiete

• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Rechtsvergleichung
• Rechtswissenschaften Öffentliches Recht Energierecht
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Zivilprozess- und Schiedsverfahrensrecht

Inhaltsverzeichnis

1. Introductory Remarks: The Quest for Stability

I. General Introduction and Background
II. Objectives and Scope of the Book

III. Justification and Significance of the Book

IV. Methodology and Structure of the Book

2. International Energy Investments, the Risks and the Protection Methods

I. Introduction

II. Definition of Investment

III. International Energy Investments: What is Special about them?

IV. Risks in Energy Investments

V. Political Risks

VI. Sources of Investment Protection against Political Risks

VII. Conclusion

3. Stability in International Energy Investments

I. Introduction

II. The Stability Concept in General

III. Stability Provisions Defined

IV. Sources of Stability Guarantees

V. The Changing Role of Stability Provisions

VI. Conclusion

4. Backgrounds of Two Contentious Concepts: Fair and Equitable Treatment Standard and Legitimate Expectations

I. Introduction

II. The Fair and Equitable Treatment Standard
III. Investors' Legitimate Expectations

IV. Conclusion

5. The Legitimate Expectations Principle in Investment Treaty Arbitration: Current Status and Contours

I. Introduction

II. What Creates Legitimate Expectations?

III. Temporal Requirement of Legitimate Expectations

IV. How Can an Expectation be Considered Legitimate?

V. A Test to Identify Legitimate Expectations

VI. Conclusion

6. Legitimate Expectations and Stability: The Interplay

I. Introduction

II. Legitimate Expectations 'from' Stability

III. Legitimate Expectations 'to' Stability

IV. Conclusion

7. Concluding Remarks

I. General Conclusions

II. Main Findings

III. Recommendations

Über Autor(innen)

Kopar, Rahmi
Rahmi Kopar is Assistant Professor at Ankara Yildirim Beyazit University, Turkey.

Rahmi Kopar is a member of the Law Faculty at Ankara Yildirim Beyazit University, Turkey.