ŠTANDARD SPRAVODLIVÉHO A ROVNOPRÁVNEHO ZAOBCHÁDZANIA A JEHO SÚČASNÝ STATUS V MEDZINÁRODNOM INVESTIČNOM PRÁVE

• Autorzy: Chovancová Katarína

Warianty tytułu

EN

Fair and equitable treatment standard and its current status in international investment law

• Języki publikacji: SK

Abstrakty

EN

The fair and equitable treatment standard (FET) has become an essential norm of the global investment regime in the majority of IIAs. Interestingly, it maintains its prominent status in spite of its content, criticized for being dodgy and uncertain due to the lack of clarity – the courtesy of its character of flexible and elastic norm, adjusting and developing according to the needs of investors and their host states. The FET offers a general point of departure in formulating the claim of investor, who experienced discrimination, or other host state’s unfair practices, such as the denial of justice, the lack of transparency, or arbitrariness. Due to the negative impact of the military invasion in Ukraine, it is the protection of investors against destruction of their investments and paying a lot of attention to legitimate expectations of investors, which are discussed intensely these days in international investment law. In the same vein, far from being a load of old codswallop, the direct relationship of the FET and the rule of law is accentuated as well. This article is a contribution to that discussion. In addition to introduction and the basic characteristics, it introduces two types of the FET, highlighting stepping up its game in connection with preserving the rule of law instead of doing a runner. Simultaneously, it incorporates three inferences, pertaining to determinacy and adoption of the FET in IIAs. First, the FET today reflects actively an unconditional adhering to the rule of law and the stricter evaluation of the investors’ legitimate expectations. Second, it ought to be perceived, considering a high level of deference to the regulatory competence of the host state’s national bodies. Finally, the lack of the FET’s accuracy is portrayed as its advantage in favour of flexibility. As for the labelling the FET as autonomous, or the part of the CIL, it is highly likely that the new USMCA’s formulation of the FET is not just embracing the coincidence.

Słowa kluczowe

EN

FET; FAIR AND EQUITABLE TREATMENT; INTERNATIONAL INVESTMENT LAW; INTERNATIONAL INVESTMENTS; INTERNATIONAL PUBLIC LAW; CUSTOMARY INTERNATIONAL LAW

• Wydawca: Institute of State and Law of the Slovak Academy of Sciences
• Czasopismo: Právny obzor. Teoretický časopis pre otázky štátu a práva (Juridical Review. Theoretical journal for the questions of state and law)
• Rocznik: 2023
• Tom: 106
• Numer: 5
• Strony: 433– 446

Twórcy

autor

Chovancová Katarína

• Ústav štátu a práva SAV, v. v. i. Bratislava, Slovak Republic

Identyfikatory

DOI

https://doi.org/10.31577/pravnyobzor.2023.5.04