Investment treaty law and the fear for sovereignty: transnational challenges and solutions

Kleinheisterkamp, Jan ORCID: 0000-0003-4037-8860 (2015) Investment treaty law and the fear for sovereignty: transnational challenges and solutions. Modern Law Review, 78 (5). 793 - 825. ISSN 0026-7961

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Abstract

This article addresses the vagueness, and the interpretative challenges associated with, international investment agreements (IIAs) 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 IIAs 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.

Item Type:	Article
Official URL:	https://onlinelibrary.wiley.com/journal/14682230
Additional Information:	© 2015 The Author
Divisions:	Law
Subjects:	K Law > K Law (General)
Date Deposited:	06 Feb 2015 09:01
Last Modified:	12 Dec 2024 00:51
URI:	http://eprints.lse.ac.uk/id/eprint/60853

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