Show simple item record  

dc.contributor.authorAlvarez-Jimenez, Albertoen_NZ
dc.date.accessioned2019-09-23T23:57:01Z
dc.date.available2019-03-25en_NZ
dc.date.available2019-09-23T23:57:01Z
dc.date.issued2019en_NZ
dc.identifier.citationAlvarez-Jimenez, A. (2019). International Investment Law, Time, and Economics: Fixing the length of economic crises as a costs-allocation tool between host states and foreign investors. World Trade Review. https://doi.org/10.1017/S1474745618000381en
dc.identifier.issn1474-7456en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/12908
dc.description.abstractThe case law on non-precluded measures clauses, when they are successful, and the customary rule of necessity, when it fails, transfers significant risks to foreign investors and host States, respectively, during severe economic crises. Some risk-sharing mechanisms should be explored to achieve a more balanced result. This article presents the policy reasons in support of this approach and its normative basis: the principle of acceptable compensation, and illustrates that one way to introduce such mechanisms is through the determination by investor/State tribunals of the length of the breakdown, which is marked by the dates for its beginning and end. The article discusses economic research on when crises conclude, which could be useful to tribunals, and explores the determination on the beginning of economic collapses as a risk-sharing tool and shows how decisions of the Argentinean saga have achieved this result.
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherCambridge University Press (CUP)en_NZ
dc.rights© Alberto Alvarez-Jimenez 2019
dc.subjectcustomary rule of necessity
dc.subjecteconomic crises
dc.subjectinvestment arbitration
dc.subjectnon-precluded measures clauses
dc.subjectrisk-sharing mechanisms
dc.titleInternational Investment Law, Time, and Economics: Fixing the length of economic crises as a costs-allocation tool between host states and foreign investorsen_NZ
dc.typeJournal Article
dc.identifier.doi10.1017/S1474745618000381en_NZ
dc.relation.isPartOfWorld Trade Reviewen_NZ
pubs.elements-id236059


Files in this item

This item appears in the following Collection(s)

Show simple item record