Die Rechtsprechung der ICSID-Schiedsgerichte
zwischen Homogenität und Heterogenität ; (die Debatte über die Schaffung einer ICSID-Berufungsinstanz)
The settlement of investment disputes within the ICSID system is carried out by the ICSID arbitral tribunals which are non-permanent judicial bodies. Every separate case is adjudicated by a different tribunal. The ICSID system, however, does not provide for any institutions similar to the EC Advocate Generals, the EC preliminary rulings, the WTO Appellate Body or to the appeal-like process of the referral to the Grand Chamber of the ECHR capable of securing the homogenous development of the case-law. Moreover, the possibility of appeal of an arbitral award is explicitly excluded within the ICSID system. The present thesis examines the homogeneity of the ICSID jurisprudence in order to ascertain whether the case-law of the separate and not standing ICSID panels proves to be so inconsistent that the ICSID system is in need of reform. The study of the homogeneity of the ICSID jurisprudence concerns the interpretation of identical and similar provisions laid down in international investment treaties as well as of the ICSID Convention itself by the ICSID panels. In particular, it deals with the following topics: (a) Definition of the term “investment” pursuant to the ICSID Convention. (b) Extension of the scope of application of the most-favoured-nation clause to procedural provisions. (c) Jurisdiction of ICSID tribunals over mere violations of an investment contract through broad dispute settlement clauses and umbrella clauses. (d) Standard of compensation for expropriation and distinction between indirect expropriation and state regulation. (e) State of necessity under customary and investment treaty law. This study comes to the conclusion that the ICSID jurisprudence suffers from heterogeneity. Thus, the lack of mechanisms able to secure the consistency of the ICSID case-law constitutes a serious institutional deficit. It is, therefore, urgent to reform the ICSID system immediately, preferably by way of establishing an ICSID appellate authority.
Document Full Text
School:Humboldt-Universität zu Berlin
Source Type:Master's Thesis
Keywords:Interpretation ICSID Appeal Schiedsgerichte Reform International Centre for the Settlement of Investment Disputes Case-law VCLT Vienna Convention on Law Treaties
Date of Publication:02/28/2008