Umbrella clauses: uncertain contract protection under IIAS

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1. Verfasser: Jaime Bandrés de Lucas
Format: Artículo científico
Sprache:en
Veröffentlicht: Portal Universia S.A. 2016
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author Jaime Bandrés de Lucas
author_facet Jaime Bandrés de Lucas
contents Umbrella clauses: uncertain contract protection under IIAS Jaime Bandrés de Lucas Economía y Finanzas BITs umbrella clause international law investment contracts Investment arbitration Umbrella clauses were designed to allow disputes over breach of contracts to be settled by an arbitration tribunal. However as the jurisprudence on the matter has evolved, investors cannot be certain on whether their claim based on such clauses will stand. Certainty of the application of law is essential on investment law; therefore it is indispensable that a iurisprudentia constante is reached so that investors can be sure whether they will be able to rely on them or not. Alternatively, if uniformity of interpretation is not reached, States should decide whether such clauses should be included or removed from BITs 2016 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511854476006 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.2 Vol.10
format Artículo científico
id redalyc_511854476006
institution Redalyc
language en
publishDate 2016
publisher Portal Universia S.A.
spellingShingle Umbrella clauses: uncertain contract protection under IIAS
Jaime Bandrés de Lucas
Economía y Finanzas
BITs
umbrella clause
international law
investment contracts
Investment arbitration
Umbrella clauses: uncertain contract protection under IIAS Jaime Bandrés de Lucas Economía y Finanzas BITs umbrella clause international law investment contracts Investment arbitration Umbrella clauses were designed to allow disputes over breach of contracts to be settled by an arbitration tribunal. However as the jurisprudence on the matter has evolved, investors cannot be certain on whether their claim based on such clauses will stand. Certainty of the application of law is essential on investment law; therefore it is indispensable that a iurisprudentia constante is reached so that investors can be sure whether they will be able to rely on them or not. Alternatively, if uniformity of interpretation is not reached, States should decide whether such clauses should be included or removed from BITs 2016 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511854476006 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.2 Vol.10
title Umbrella clauses: uncertain contract protection under IIAS
topic Economía y Finanzas
BITs
umbrella clause
international law
investment contracts
Investment arbitration
url https://www.redalyc.org/articulo.oa?id=511854476006