We use cookies to enhance your experience on our website. By continuing to use our website, you are agreeing to our use of cookies. You can change your cookie settings at any time. Find out more

ISBN: 9780199645190

Published: 15 Mar 12

Availability: Contact Customer Service




Commentaries on Selected Model Investment Treaties

Chester Brown

The existing literature on the substantive and procedural aspects of bilateral investment treaties (BITs) relies heavily on investment treaty arbitration decisions as a source of law. What is missing is a comprehensive, analytical review of state practice. This volume fills this gap, providing detailed analyses of the investment treaty policy and practice of nineteen leading capital-exporting states and emerging market economies.

The authors are leading experts in government, academia, and private legal practice, and their chapters are largely based on primary source materials. Each chapter provides a description of the regulatory or policy framework governing foreign investment (both inflows and outflows) with a historical presentation of the state's Model BIT; an examination of internal government processes and practices relating to treaty negotiation, conclusion, ratification and record-keeping; and a detailed article-by-article analytical commentary of the state's Model BIT, elucidating the policy behind each provision and highlighting the ways in which the actual investment treaty practice of that state deviates from this standard text. This commentary is supplemented by the case law relevant to that state's investment treaties.

This commentary will be of immense assistance to counsel and arbitrators engaged in arguing and determining the proper interpretation of BITs and investment chapters in Free Trade Agreements, and to government officials and scholars engaged in BIT policy formulation and implementation. It will serve as a standard resource for legal practitioners, scholars, policy-makers and other stakeholders in the field of international investment policy, law, and arbitration.

First book to systematically analyse Model Bilateral Investment Treaties (BITs), which lie at the basis of thousands of inter-state investment treaties

Provides detailed article-by-article commentary on the Model BITs of 19 key jurisdictions, drawing on analysis of internal government policy documents and each state's investment treaty practice

Written by a leading international author team of experienced practitioners

1: Chester Brown: Introduction
2: August Reinisch: Austria
3: Andrew Newcombe and Celine Levesque: Canada
4: Norah Gallagher and Wenhua Shan: China
5: Jose Antonio Rivas: Colombia
6: Yas Banifatemi and Andre von Walter: France
7: Rudolf Dolzer and Yun-I Kim: Germany
8: Federico Ortino: Italy
9: Luke Nottage and Shotaro Hamamoto: Japan
10: Shin Hi-Taek: Republic of Korea
11: Martins Paparinskis: Latvia
12: Andrea Bjorklund: NAFTA
13: Nico Schrijver and Vid Prislan: Netherlands
14: Sergey Ripinsky: Russia
15: Jean Ho: Singapore
16: Michael Schmid: Switzerland
17: Chester Brown and Audley Sheppard: United Kingdom
18: Jeremy Sharpe and Lee Caplan: United States

Edited by Chester Brown , Associate Professor, Faculty of Law, University of Sydney; Barrister, 7 Selborne Chambers, Sydney; Essex Court Chambers, London; and Maxwell Chambers, Singapore

Dr Chester Brown is Associate Professor at the Faculty of Law, University of Sydney, a Barrister at 7 Selborne Chambers, Sydney, and a door tenant at Essex Court Chambers, London, and Maxwell Chambers, Singapore. He previously served as Assistant Legal Adviser at the Foreign and Commonwealth Office, London, and prior to that he was Senior Associate in the International Law and International Arbitration Group of Clifford Chance LLP, London. He is the author of A Common Law of International Adjudication (OUP, 2007), which was awarded the ASIL Certificate of Merit. He was educated at the Universities of Melbourne, Oxford and Cambridge.