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Jul 01, 2010

Centre international pour le règlement des différends relatifs aux investissements (CIRDI), Chronique des sentences arbitrales

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“Centre international pour le règlement des différends relatifs aux investissements (CIRDI), Chronique des sentences arbitrales”, J.D.I., 499 (2010)

Commentary of the following ICSID decisions :

  • Phoenix Action Ltd v. Czech Republic (ICSID Case No. ARB/06/5). Award rendered on April 15, 2009

Washington Convention / ICSID Convention, Methods of Treaty Interpretation, Consideration of General Principles of Law in International Law (yes) ; Article 25 of the Washington Convention, Jurisdiction, Notion of protected Investment, Legality of the investment, Good faith, Abuse of rights, Treaty shopping, “détournement de procédure”, abuse of the system of international investment protection under the ICSID Convention

  • Malaysian Historical Salvors, SDN, BHD v. Malaysia (ICSID Case No. ARB/05/10). Decision on the Application for Annulment (April 16, 2009)

Article 52 of the Washington Convention, Manifest Excess of powers, Disregard of the intention of the Convention drafters ; Article 25 of the Washington Convention, Definition of Investment, Protection of Investments Treaty, Condition of contribution to the economic development of the host State (no), Minimum threshold of Investment (no), Investment of a cultural and historical nature (yes)

  • Saipem S.p.A. v. People's Republic of Bangladesh (ICSID Case No. ARB/05/7). Award rendered on June 30, 2009

Bilateral Investment Protection Treaty, Anti-suit injunction restraining arbitration, Abuse of rights (détournement de pouvoir), Expropriation (yes), Violation of Article II of the New York Convention, State Responsibility ; Responsibility of the State for the acts of its judicial organs, Expropriation by acts of the judiciary, Requirement of exhaustion of local remedies (no)

View full text (in French), “Centre international pour le règlement des différends relatifs aux investissements (CIRDI), Chronique des sentences arbitrales”

Authors and Contributors

Emmanuel Gaillard

Partner

International Arbitration

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