Published online by Cambridge University Press: 02 March 2017
1 Sempra Energy Int’l v. Argentine Republic, ICSID No. ARB/02/16, Decision on the Argentine Republic’s Application for Annulment of the Award (June 29, 2010). This and other ICSID decisions mentioned below are available on the ICSID Web site, http://icsid.worldbank.org, unless another source is given.
2 Sempra Energy Int’l v. Argentine Republic, ICSID No. ARB/02/16, Award (Sept. 28, 2007) [hereinafter Award].
3 Draft Articles on Responsibility of States for Internationally Wrongful Acts, in Report of the International Law Commission on the Work of Its Fifty-third Session 43, UN GAOR, 56th Sess., Supp. No. 10, UN Doc. A/56/10 (2001), reprinted in Crawford, James, The International Law Commission’s Articles on State Responsibility: Introduction, Text and Commentaries (2002)Google Scholar (final text).
4 Treaty Concerning the Reciprocal Encouragement and Protection of Investment, Arg.-U.S., Art. XI, Nov. 14, 1991, as amended Aug. 24 & Nov. 26, 1992, S. Treaty Doc. NO. 103-2 (1993), available at http://2001-2009.state.gov/documents/organization/43475.pdf.
5 Quoting Award, supra note 2, para. 388.
6 Convention on the Settlement of Investment Disputes Between States and Nationals of Other States, Art. 52(1)(b), Mar. 18, 1965, 17 UST 1270, 575 UNTS 159 [hereinafter ICSID Convention].
7 Schreuer, Christoph H., The Icsid Convention: A Commentary 938 (2d ed. 2009)Google Scholar.
8 ICSID Convention, supra note 6, pmbl.
9 See Born, Gary B., International Commercial Arbitration 107 (2009)Google Scholar.
10 See Unctad, Bilateral Investment Treaties 1995-2006: Trends in Investment Rulemaking, Introduction, UN Sales No. E.06.II.D.16 (2007), available at http://www.unctad.org/en/docs/iteiia20065_en.pdf Google Scholar.
11 CMS Gas Transmission Co. v. Argentine Republic, ICSID No. ARB/01/8, Decision on the Application for Annulment of the Argentine Republic (Sept. 25, 2007) [hereinafter CMS Annulment Decision] (ad hoc comm.: Gilbert Guillaume, pres., Nabil Elaraby, & James R. Crawford).
12 Id, para. 135.
13 Id, para. 136.
14 Schreuer, supra note 7, at 1101 (“Nothing in the Convention’s travaux préparatoires suggests that a doctrine of stare decisis should be applied to ICSID arbitration.”).
15 Id. at 955; see also id. at 959 (“A principle that is uncontested, at least in theory, is the distinction between non-application of the proper law and a mere error in its application. Non-application is a valid reason for annulment. A mere error is not.” (citation omitted)).
16 CMS Annulment Decision, supra note 11, para. 136.
17 Enron Creditors Recovery Corp. v. Argentine Republic, ICSID No. ARB/01/3, Decision on the Application for Annulment of the Argentine Republic (July 30, 2010), at http://ita.law.uvic.ca.
18 Id, para. 405.
19 See, e.g., Brower, Charles N. & Schill, Stephan W., Is Arbitration a Threat or a Boon to the Legitimacy of lnternational Investment Law? , 9 Chi. J. Int’l L. 471, 473 (2009)Google Scholar; Franck, Susan D., The Legitimacy Crisis in Investment Treaty Arbitration: Privatizing Public International Law Through Inconsistent Decisions , 73 Fordham L. Rev. 1521, 1558 (2005)Google Scholar.
20 Schreuer, supra note 7, at 898–99.
21 Crawford, James, Ten Investment Arbitration Awards That Shook the World: Introduction and Overview , 4 Disp. Resol. Int’l 71, 93 (2010)Google Scholar.
22 See, e.g., Roberts, Anthea, Power and Persuasion in Investment Treaty Interpretation: The Dual Role of States , 104 AJIL 179 (2010)CrossRefGoogle Scholar.
23 See Desierto, Diane A., Necessity and “Supplementary Means of Interpretation “for Non-precluded Measures in Bilateral Investment Treaties , 31 U. Pa. J. Int’l L. 827 (2010)Google Scholar.
24 Quoting Expert Statement of Professor W. Michael Reisman, 6 Hearing Transcript 1007 (Feb. 11, 2006).
25 See William W., Burke-White & Andreas von, Staden, Private Litigation in a Public Law Sphere: The Standard of Review in Investor-State Arbitrations , 35 Yale J. Int’l L. 283 (2010)Google Scholar; Alec Stone, Sweet & Mathews, Jud, Proportionality Balancing and Global Constitutionalism, 47 Colum. J. Transnat’l L. 72 (2008)Google Scholar.