Repository logo
 

CUSTOMARY LAW IN INVESTMENT REGULATION


Change log

Authors

Vinuales, JE 

Abstract

jats:pjats:italicThis article explores the expression of State sovereignty through customary norms in a regulatory space dominated by investment treaties. It argues that, because most of the actionable concepts expressing sovereignty in international law are general (not specific to a “branch”) andcustomary, misunderstanding the role of customary law in investment regulation amounts to confining sovereignty to a few narrow carve-outs and exceptions in investment treaties. However, customary concepts operate autonomously and in parallel to treaties, unless specifically excluded by the latter. The</jats:italic> lex specialis jats:italicprinciple does not necessarily command the exclusion in toto of relevant customary rules. The article discusses the work of the</jats:italic> Institut de Droit International jats:italicin this regard and then analyses the investment case law relating to the application of the police powers doctrine, necessity, countermeasures and transnational public policy. It shows that failure to address specifically the articulation of treaty and customary norms even in the event the former apply as</jats:italic> lex specialis jats:italicis subtly eroding, without clear legal grounds,the customary expression of sovereignty in foreign investment disputes</jats:italic>.</jats:p>

Description

This is the author accepted manuscript. The final version is available from Brill via http://dx.doi.org/10.1163/22116133-90230036

Keywords

4801 Commercial Law, 4802 Environmental and Resources Law, 4803 International and Comparative Law, 48 Law and Legal Studies, 16 Peace, Justice and Strong Institutions

Journal Title

Italian Yearbook of International Law

Conference Name

Journal ISSN

0391-5107
2211-6133

Volume Title

23

Publisher

Brill