Details

Autor(en) / Beteiligte

• Henckels, Caroline

Titel

Protecting Regulatory Autonomy through Greater Precision in Investment Treaties: The TPP, CETA, and TTIP

Ist Teil von

• Journal of international economic law, 2016-03, Vol.19 (1), p.27-50

Ort / Verlag

Oxford: Oxford Publishing Limited (England)

Erscheinungsjahr

2016

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• The recently concluded Trans-Pacific Partnership (TPP) and Canada-EU Comprehensive Economic & Trade Agreement (CETA) and the negotiations underway for the Transatlantic Trade & Investment Partnership (TTIP) have drawn renewed attention to the potential for treaty parties to frame the substantive obligations in new investment treaties in a manner that is more supportive of regulatory autonomy than earlier treaties. One way of doing so is to more precisely define the contours of states' obligations towards foreign investors and investments, in an attempt to eliminate the likelihood of successful challenges to non-discriminatory public welfare measures. Concerns about the impact of vaguely drafted provisions in existing investment treaties are well documented. It is reasonable to assume that drafting states' obligations with greater precision will constrain the scope of investment arbitrators' interpretive discretion. The TPP, CETA and draft TTIP provisions on fair and equitable treatment, indirect expropriation, national treatment and exceptions contain several instances of greater precision than provisions seen in the majority of existing treaties. [web URL: http://jiel.oxfordjournals.org/content/19/1/27.abstract]