Investment Treaty Law and the Fear for Sovereignty

Transnational Challenges and Solutions

Datos Bibliográficos

ID9196153
AutoresJan Kleinheisterkamp (0000-0003-4037-8860, Cornell University, autor de correspondencia)
Año2015
Volumen78
Número5
Páginas793-825
Fecha de publicación2015-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaModern Law Review (JOURNAL)
Identificadores de la revistaISSN: 0026-7961 • E-ISSN: 1468-2230
EditorialWiley (PUBLISHER • GB)
DOI10.1111/1468-2230.12144
OpenAlexW1950551063
IdiomaEN
Citas recibidas4
Referencias citadas43

This article addresses the vagueness, and the interpretative challenges associated with, international investment agreements ( IIA s) and develops a new normative framework for interpreting these treaties. It focuses on the historical embedding of investment protection as a means of facilitating economic development as well as upon its synthetic public law nature. The analysis shows that a teleological approach to interpretation imposes boundaries on the meaning of substantive IIA provisions. The article then elaborates how the transnational dimension of IIA s provides a benchmark, which is the level of protection offered to economic actors against interference by the state in countries with the highest rule of law standards. The article then shows how the resulting challenges of comparative public law could be addressed through the methodology of re‐ and pre‐statement of transnational uniform ‘principles’: sophisticated and detailed rules striking the proper balance between private economic interests and the public regulatory interest, so as to provide more legal certainty for both investors and host states

Economics · International economic law · International law · Interpretation (philosophy) · Law and economics · Legal certainty · Normative · Political science · Public international law · Sovereignty · Treaty · Vagueness · Corporate Law and Human Rights · International Arbitration and Investment Law · International Law and Human Rights · Law