LEADER 05323nam 22008174 450 001 9910781036103321 005 20100316100136.0 010 $a1-4725-6494-4 010 $a1-282-55419-0 010 $a9786612554193 010 $a1-84731-548-8 024 7 $a10.5040/9781472564948 035 $a(CKB)2550000000011682 035 $a(EBL)516821 035 $a(OCoLC)648002893 035 $a(SSID)ssj0001350759 035 $a(PQKBManifestationID)12619390 035 $a(PQKBTitleCode)TC0001350759 035 $a(PQKBWorkID)11296728 035 $a(PQKB)10726691 035 $a(SSID)ssj0000428785 035 $a(PQKBManifestationID)12130258 035 $a(PQKBTitleCode)TC0000428785 035 $a(PQKBWorkID)10424175 035 $a(PQKB)11157150 035 $a(MiAaPQ)EBC1772645 035 $a(MiAaPQ)EBC516821 035 $a(Au-PeEL)EBL1772645 035 $a(CaPaEBR)ebr10384040 035 $a(CaONFJC)MIL255419 035 $a(OCoLC)893332110 035 $a(OCoLC)1162857985 035 $a(UtOrBLW)bpp09257395 035 $a(Au-PeEL)EBL516821 035 $a(PPN)157853241 035 $a(EXLCZ)992550000000011682 100 $a20100315d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aState liability in investment treaty arbitration $eglobal constitutional and administrative law in the BIT generation /$fSantiago Montt 205 $a1st ed. 210 1$aOxford ;$aPortland, Oregon :$cHart Publishing,$d2009. 215 $a1 online resource (460 p.) 225 1 $aStudies in international law ;$vv. 26 300 $aDescription based upon print version of record. 311 $a1-84946-213-5 311 $a1-84113-856-8 320 $aIncludes bibliographical references (pages [375]-403) and index. 327 $aThe latin american position on state responsibility, looking into the past for lessons on the future -- The BIT generation's emergence as a collective action problem. Prisoner's dilemma or network effects? -- Trading off sovereignty for credibility : questions of legitimacy in the BIT generation -- Property rights v the public interests : a comparative approach to a global puzzle -- Investments, indirect expropriations and the regulatory state -- Controlling arbitrariness through the fair and equitable standard -- Conclusions : future of the BIT generation : for a global legal order committed to the rule of law and human welfare. 330 $a"Today there are more than 2,500 bilateral investment treaties (BITs) around the world. Most of these investment protection treaties offer foreign investors a direct cause of action to claim damages against host-states before international arbitral tribunals. This procedure, together with the requirement of compensation in indirect expropriations and the fair and equitable treatment standard, have transformed the way we think about state liability in international law. We live in the BIT generation, a world where BITs define the scope and conditions according to which states are economically accountable for the consequences of regulatory change and administrative action. Investment arbitration in the BIT generation carries new functions which pose unprecedented normative challenges, such as the arbitral bodies established to resolve investor/state disputes defining the relationship between property rights and the public interest. They also review state action for arbitrariness, and define the proper tests under which that review should proceed. State Liability in Investment Treaty Arbitration is an interdisciplinary work, aimed at academics and practitioners, which focuses on five key dimensions of BIT arbitration. First, it analyses the past practice of state responsibility for injuries to aliens, placing the BIT generation in historical perspective. Second, it develops a descriptive law-and-economics model that explains the proliferation of BITs, and why they are all worded so similarly. Third, it addresses the legitimacy deficits of this new form of dispute settlement, weighing its potential advantages and democratic shortfalls. Fourth, it gives a comparative overview of the universal tension between property rights and the public interest, and the problems and challenges associated with liability grounded in illegal and arbitrary state action. Finally, it presents a detailed legal study of the current state of BIT jurisprudence regarding indirect expropriations and the fair and equitable treatment clause."--Bloomsbury Publishing. 410 0$aStudies in international law (Oxford, England) ;$vv. 26. 606 $aArbitration and award, International 606 $aCommercial treaties 606 $aGovernment liability 606 $aInvestments, Foreign (International law) 606 $2International economic & trade law 615 0$aArbitration and award, International. 615 0$aCommercial treaties. 615 0$aGovernment liability. 615 0$aInvestments, Foreign (International law) 676 $a346.092 700 $aMontt$b Santiago$0510417 801 0$bUtOrBLW 801 1$bUtOrBLW 906 $aBOOK 912 $a9910781036103321 996 $aState liability in investment Treaty arbitration$9766255 997 $aUNINA