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WTO Norms as “Relevant” Rules of International Law in Investor-State Arbitration

Published online by Cambridge University Press:  20 January 2017

Jürgen Kurtz
Jürgen Kurtz*
Affiliation:
University of Melbourne Law School
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Abstract

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Type
Everybody Come Together Over Me: Systemic Integration and Vienna Convention Article 31(3)(C)
Information
Proceedings of the ASIL Annual Meeting , Volume 108 , 2014 , pp. 243 - 246
Copyright
Copyright © American Society of International Law 2015

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References

* Professor Ruiz-Fabri and Mr. Werksman did not submit remarks for the Proceedings.

1 Methanex Corporation v. U.S., Final Award of the Tribunal on Jurisdiction and Merits, pt. 4, ch. B, at 18, para. 35 (UNCITRAL, Aug. 3, 2005).

2 Case Concerning Oil Platforms (Iranv. U.S.), 2003 I.C.J. 42(Nov. 6), reprinted in 42 ILM 1334, para. 40-6 (2003).

3 Oscar Chinn Case, 1934 P.C.I.J 63, at 84 (Series A/B) (Dec. 12).

4 Steger, Debra, International Trade and Investment: Towards a Common Regime?, in Prospects in International Investment Law and Policy 156, 162–33 (Echandi, Roberto & Sauve, Pierre eds., 2013)CrossRefGoogle Scholar.

5 See, e.g., ADF Group Inc. v. U.S., Award, paras. 49–55 (ICSID Case No. ARB(AF)/00/1, Jan. 9, 2003); SD Myers, Inc. v. Canada, Partial Award, para. 93 (UNCITRAL, Nov. 13, 2000).

6 For an overview of the importance of production networks in the global economy (where efficiency-seeking foreign investment and foreign trade are necessarily complements rather than substitutes), see UNCTAD, Global Value Chains and Development: Investment and Value Added in the Global Economy 16–25 (2013).

7 European Commission, Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of Regions; Towards a Comprehensive European International Investment Policy, at 3 (COM (2010) 343, July 7, 2010).

8 Agreement on Trade-Related Investment Measures, Apr. 15, 1994, Marrakesh Agreement Establishing the World Trade Organization, Annex 1A, in World Trade Organization: The Results of the Uruguay Round of Multilateral Trade Negotiations: The Legal Texts, reprinted in 33 ILM 81 (1994) [hereinafter WTO Agreements].

9 General Agreement on Trade in Services, Apr. 15, 1994, WTO Agreements, supra note 8, art. 1(2)(c).

10 Stiglitz, Joseph E., Regulating Multinational Corporations: Towards Principles of Cross-Border Legal Frameworks in a Globalized World Balancing Rights with Responsibilities, 23 Am. U. Int’l L. Rev. 451, 513–48 (2007–2008)Google Scholar.

11 Jürgen Kurtz, Balancing Investor Protection and Regulatory Freedom in International Investment Law: The Necessary, Complex and Vital Search for State Purpose, Y.B. on Int’l Investment L. & Pol’y (forthcoming).

12 See, e.g., Alvarez, José E. & Brink, Tegan, Revisiting the Necessity Defense: Continental Casualty v. Argentina, Y.B. on Int’l Investment L. & Pol’y 4 (2011).Google Scholar

13 Metalclad Corp. v. Mexico, Award, para. 76 (ICSID Case No. ARB(AF)/97/1, Aug. 30, 2000).

14 Total S.A. v. Argentine Rep., Decision on Liability, para. 123 (ICSID Case No. ARB/04/1, Dec. 27, 2010).

15 General Agreement on Trade in Services, Apr. 15, 1994, WTO Agreements, supra note 8, art. 6.

16 “In sectors where specific commitments are undertaken, each Member shall ensure that all measures of general application affecting trade in services are administered in a reasonable, objective and transparent manner.” (Emphasis added). Id.