Treaty Interpretation in Investment Arbitration

1. Auflage 2012
ISBN: 978-0-19-964147-5
Verlag: Oxford University Press

Buch, Englisch, 314 Seiten, Format (B × H): 175 mm x 252 mm, Gewicht: 686 g

Reihe: Oxford International Arbitration Series

The rise of investment arbitration in the last decade has generated an unprecedented body of arbitral case law. The work of these arbitral tribunals has provided scholars and practitioners with public international law jurisprudence, including materials on treaty interpretation which has not yet been thoroughly analysed.

This book evaluates the contribution of investment arbitration treaty interpretation jurisprudence to international law, covering all key aspects of treaty interpretation. Included in the book's coverage are awards which feature in prominent discussions or in applications of treaty interpretation rules. Among the significant portion of arbitral awards analysed, which deal with investment treaties, are ICSID awards, ad hoc investment arbitration awards, NAFTA awards, and Energy Charter Treaty
awards.

The extensive analysis of investment arbitration awards and decisions has also been used to create a table highlighting both the references to principles of treaty interpretation and instances in which they were rejected. This invaluable insight into the practice of investment tribunals will be of interest to both practitioners and academics alike.

Foreword by by Professor Michael Reisman, Yale Law School _

Zielgruppe

Legal practitioners specialising in investment arbitration; public interest groups concerned with international investment law; international bodies or organisations dealing with investment arbitration; government lawyers involved with international treaties or international arbitration; academics, academic libraries and postgraduate students with an interest in international arbitration and public international law.

Autoren/Hrsg.

Weeramantry, J Romesh

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Zivilprozess- und Schiedsverfahrensrecht
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht

Inhaltsverzeichnis

1: Introduction
A: Overview
B: Relevant Treaty Law
2: Treaty Interpretation: History and Background
A: Pre-Vienna Convention Treaty Interpretation Rules
B: Development of the Convention Rules
C: Criticism of the Convention Rules
D: Customary Status and FIAT Use of the Convention Rules
E: Interpretation and Application Distinguished
F: Who May Interpret Treaties?
G: What May be Interpreted by the Convention Rules?
3: The General Rule of Treaty Interpretation
A: Introduction
B: Article 31(1)
C: Article 31(2)
D: Article 31(3)
E: Article 31(4)
4: Supplementary Means of Interpretation
A: Article 32
B: Preparatory Work
C: Circumstances of a Treaty's Conclusion
D: Confirming a Meaning
E: Determining a Meaning
5: Non-Codified Means of Interpretation
A: Introduction
B: Use of Prior Awards and Decisions
C: Treaties, Instruments, or Materials
D: Scholarly Opinion
E: Inter-Temporal Aspects
F: Principle of Effectiveness
G: Legal Maxims
6: Interpretation Jurisprudence Particular to Investment Arbitration
A: The AAP Rules
B: Failure to Apply Convention Rules
C: Unilateral Declarations Consenting to Investment Arbitration
D: Umbrella Clauses
E: Most Favoured Nation Clauses
F: Disclosure of Preparatory Work
G: Pro-Investor Bias in Interpreting Investment Treaties?
H: Restrictive Interpretation
I: Pre-Arbitration Waiting Period
J: Interpreting Silence
7: Conclusion
A: Conclusions on FIAT Treaty Interpretation Practice
B: Suitability of Convention Rules for Investor-State Disputes
C: Contribution of FIAT Practice to Internation Law
Appendices
I: Analytical Tables of FIAT Treaty Interpretation Practice
II: Comparison between Articles 27-29 of the 1966 ILC Draft and Articles 31-33 of the Vienna Convention
III: Comparative Table of Draft Treaty Interpretation Rules
IV: Umbrella Clause Comparative Table
V: Selected ICJ Decisions Confirming Customary Status of the Convention Rules
VI: Other Selected International Decisions Confirming Customary Status of the Convention Rules
VII: Selected Domestic Court Decisions Confirming Customary Status of the Convention Rules

Über Autor(innen)

Romesh Weeramantry is a Foreign Legal Consultant in the Hong Kong office of Clifford Chance and an Adjunct Professor at the University of Hong Kong. He specialises in complex arbitrations involving cross-border commercial or joint venture disputes and investment treaty claims. His publications include Treaty Interpretation in Investment Arbitration (OUP 2012); International Commercial Arbitration: An Asia- Pacific Perspective (CUP 2011). He is an
editor of The Hong Kong Arbitration Ordinance: Commentary and Annotations (Sweet and Maxwell 2011); the Asian Dispute Review; and the Hong Kong White Book Arbitration and ADR volume. He is also a member of the editorial board of the ICSID Review.