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2019 | OriginalPaper | Chapter

Recent Developments in International Investment Law

Author : Catherine Titi

Published in: European Yearbook of International Economic Law 2018

Publisher: Springer International Publishing

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Abstract

In 2016 and 2017, states continued their engagement with international investment law. A small minority of states displayed scepticism or tried to disengage themselves from their investment law obligations. This chapter addresses select institutional developments in international investment law in 2016 and in the first three quarters (Q1–3) of 2017. Section 1 discusses negotiations of investment treaties, ratifications, and terminations. In Sect. 2, the chapter considers developments specific to megaregionals. Section 3 provides a discussion of the European Union’s proposal for the establishment of an international investment court and the multilateral reform of investment dispute settlement. Section 4 studies ‘alternatives’ to investor-state dispute settlement (ISDS) introduced in new investment instruments. Finally, Sect. 5 focuses on the continuing issues affecting the fate of intra-EU investment treaties. The chapter does not intend to be exhaustive; rather, its ambition is to highlight some recent developments that weigh in the design and future of international investment law, with a focus on developments in the European Union.

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UNCTAD, World Investment Report 2017, UN, p. 111. UNCTAD has replaced the term ‘other international investment agreements’ with ‘treaties with investment provisions’. This is more appropriate given that UNCTAD’s database contains not only BITs and agreements with investment chapters, but also agreements that may make only passing mention of investments, and which therefore could not be considered, properly speaking, to be ‘international investment agreements’. However, for the sake of simplicity, the term ‘international investment agreements’ is used.

Megaregionals are discussed in Sect. 2 below.

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The information provided in this paragraph is based on UNCTAD’s IIA Navigator, with the exception of 16 terminations of Ecuadorean BITs, which, at the time of writing, are not yet reflected in the IIA Navigator http://investmentpolicyhub.unctad.org/IIA (last accessed 10 July 2018).

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Titi (2014). For a detailed account, Muñoz (2017).

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100

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101

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102

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103

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104

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105

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107

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109

110

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111

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Title: Recent Developments in International Investment Law
Author: Catherine Titi
Publisher: Springer International Publishing
Book: European Yearbook of International Economic Law 2018
Print ISBN: 978-3-319-97751-5

Electronic ISBN: 978-3-319-97752-2

Copyright Year: 2019
DOI: https://doi.org/10.1007/8165_2018_13

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