Yearbook on International Investment Law & Policy 2008-2009

727 Pages·2.789 MB·English

by  Karl P Sauvant

Y E A R B O O K O N
I N T E R N A T I O N A L
I N V E S T M E N T
L A W & P O L I C Y
2008–2009
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Y E A R B O O K O N
I N T E R N A T I O N A L
I N V E S T M E N T
L A W & P O L I C Y
2008–2009
Edited by
K A R L P. S A U V A N T
1
1
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Contents
Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix
List of Contributors. . . . . . . . . . . . . . . . . . . . . . . . . . . . xi
Foreword by Jeffrey D. Sachs. . . . . . . . . . . . . . . . . . . . . . xvii
Preface by David M. Schizer . . . . . . . . . . . . . . . . . . . . . . . xix
Introduction by Karl P. Sauvant . . . . . . . . . . . . . . . . . . . . . xxi
PART ONE
1. Trends and Issues in International Investment . . . . . . . . . . . . . . .3
Persephone Economou, John H. Dunning, and Karl P. Sauvant
2. Trends in International Investment Agreements: Balancing Investor
Rights and the Right to Regulate. The Issue of National Security . . . . . 35
Peter Muchlinski
3. Trends in International Investment Disputes: 2007 in Review . . . . . . 79
Ian A. Laird and Borzu Sabahi
4. Foreign Direct Investment in the Oil and Gas Sector:
Recent Trends and Stategic Drivers. . . . . . . . . . . . . . . . . . . 117
Albert Bressand
PART TWO
5. Driving and Countervailing Forces: A Rebalancing of
National FDI Policies. . . . . . . . . . . . . . . . . . . . . . . . . . 215
Karl P. Sauvant
6. The Law of International Investment: Can the Imbalance
Be Redressed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 273
Patrick Juillard
7. A Comparison of the 2004 and 1994 U.S. Model BITs:
Rebalancing Investor and Host Country Interests. . . . . . . . . . . . 283
Kenneth J. Vandevelde
vii
8. Proximate Causation in International Investment Disputes . . . . . . . 317
Stanimir A. Alexandrov and Joshua M. Robbins
9. Obstacles and Pathways to Consideration of the Public
Interest in Investment Treaty Disputes . . . . . . . . . . . . . . . . . 347
Charles H. Brower, II
10. The Argentine Crisis and Foreign Investors: A Glimpse into
the Heart of the Investment Regime . . . . . . . . . . . . . . . . . . 379
José E. Alvarez and Kathryn Khamsi
11. Economic Security Defenses in International Investment Law . . . . . 479
Andrea K. Bjorklund
12. Improving the Mechanisms for Treaty Negotiation and
Investment Disputes: Competition and Choice as the
Path to Quality and Legitimacy. . . . . . . . . . . . . . . . . . . . . 505
Thomas W. Wälde
SPECIAL SECTION
Winning Memorials from the Inaugural Foreign Direct Investment
International Moot Competition (FDI Moot) . . . . . . . . . . . . . . 585
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 669
viii CONTENTS
Acknowledgments
I would like to thank all contributors to this volume for their outstanding work and for
their patience to bring this inaugural volume of the Yearbook on International
Investment Law & Policy 2008–2009 to fruition. Special thanks go to Lisa Sachs,
without whom the volume hardly would have seen the light of day.
Karl P. Sauvant
New York, November 2008