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Privity of Contract in International Investment Arbitration: Original Sin or Useful Tool?


ISBN13: 9789403520209
Published: April 2020
Publisher: Kluwer Law International
Country of Publication: The Netherlands
Format: Hardback
Price: £167.00



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Privity of Contract in International Investment Arbitration elaborates in detail on the interpretation and application of the doctrine of privity of contract to investment treaty disputes. At least on one occasion privity of contract (or the lack of it) has been described as an ‘original sin’ for international investment arbitration. Privity of contract essentially means that a subject must be a party to a contract, to acquire rights and assume obligations, to sue and be sued under that contract. But is privity of contract the reason why investor-state dispute settlement (ISDS) is open to criticisms, or could it contribute to solving the system’s legitimacy crisis? Arbitral tribunals often need to decide whether they have jurisdiction in cases where a party to the investment contract is not the claimant but a related entity, or not the central government, but a state agency or state-owned enterprise. In light of the deep interconnection between, on the one hand, the criticism surrounding investment treaty arbitration – be it judicial activism and regulatory chill or abuse of law and indirect claims – and, on the other hand, the domains where privity of contract applies, this book’s original and far-reaching analysis comprehensibly lays out a possible use of the doctrine that can contribute to leading ISDS out of the crisis.

What’s in this book:

The thorough and extensive examination of investment treaty arbitration case law draws comparisons with other international adjudicatory bodies and identifies the most actual and compelling unresolved legal issues. The study’s conclusions respond with thoroughly researched authority to such key questions as the following:

  • In which domains of international investment arbitration does the notion of privity of contract operate, and with what effects?
  • How are states and arbitral panels reacting to the persisting unresolved issues raised by the increasing pertinence of this legal doctrine?
  • What solutions are advisable amid the current criticisms surrounding ISDS? The author finds that the doctrine of privity of contract finds application in heterogeneous scenarios, from decisions on jurisdiction where there are forum selection clauses in investment contracts or fork-in-the-road provisions in investment treaties, to consolidation, counterclaims and umbrella clause claims. She proposes a flexible interpretation of the doctrine of privity of contract as a guiding principle that arbitral tribunals should consider along with other factors (inter alia the tightness of the relation between the investor and its subsidiary and the host state’s involvement in the organization and function of agencies or state-owned enterprises). Appendices include lists of many of the arbitration cases, international judgments and national judgments discussed in the book.

    How this will help you:

    As a constructive contribution to the current debate, this study is an extraordinary achievement. No other study has conducted such thorough research on the application of privity of contract in investment treaty arbitration. A systematic study of case law helps in shaping a consistent jurisprudence to the benefit of the system and its users. This huge volume of research condensed in an easy-to-read format will be of great interest to arbitration practitioners, arbitrators, foreign investors, host states and scholars in all areas of international arbitration and dispute settlement.

  • Subjects:
    Arbitration and Alternative Dispute Resolution
    Contents:
    Foreword
    List of Abbreviations
    Acknowledgements
    CHAPTER 1. Introduction
    CHAPTER 2. Arbitral Tribunals’ Jurisdictional Scope and Privity of Contract: An Ever-Relevant Element in the Current Debate over Investment Treaty Arbitration
    CHAPTER 3. The Unresolved Conundrum of Contract-Based and Treaty-Based Claims: An Extra Element of Contention – Privity of Contract
    CHAPTER 4. Privity Considerations in International Investment Arbitration
    CHAPTER 5. Privity of Contract and Treaty Guarantees: Analysis of the Merits
    CHAPTER 6. Investment Treaty Arbitration’s Legitimacy Crisis and Privity’s Pivotal Role in Finding a Way Out
    Bibliography
    ICSID Cases
    Non-ICSID Arbitration Cases
    International Judgments
    National Cases
    Index

    Series: International Arbitration Law Library

    Transnational Due Process and Article V(1)(b) of the New York Convention (eBook) ISBN 9789403524474
    Published June 2024
    Kluwer Law International
    £162.00
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    Transnational Due Process and Article V(1)(b) of the New York Convention ISBN 9789403524375
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    £162.00
    Early Determination of Jurisdiction (eBook) ISBN 9789403502786
    Published March 2024
    Kluwer Law International
    £157.00
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    Early Determination of Jurisdiction ISBN 9789403502687
    Published March 2024
    Kluwer Law International
    £157.00
    £160.00
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    £160.00
    Contract Law in International Commercial Arbitration (eBook) ISBN 9789403510668
    Published November 2022
    Kluwer Law International
    £160.00
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    Contract Law in International Commercial Arbitration ISBN 9789403510361
    Published November 2022
    Kluwer Law International
    £160.00
    £165.00
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    The Bona Fide Investor: Corporate Nationality and Treaty Shopping in Investment Treaty Law ISBN 9789403541853
    Published December 2021
    Kluwer Law International
    £165.00
    Autonomous Versus Domestic Concepts under the New York Convention (eBook) ISBN 9789403531748
    Published March 2021
    Kluwer Law International
    £173.00
    (ePub)
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    Autonomous Versus Domestic Concepts under the New York Convention ISBN 9789403531731
    Published March 2021
    Kluwer Law International
    £173.00
    £167.00
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    Interpretation of Contracts in Comparative and Uniform Law ISBN 9789403511306
    Published May 2019
    Kluwer Law International
    £148.00
    The Legal, Real and Converged Interest in Declaratory Relief ISBN 9789403512440
    Published May 2019
    Kluwer Law International
    £144.00
    The Decision Making Process of Investor-State Arbitration Tribunals ISBN 9789041196002
    Published January 2019
    Kluwer Law International
    £164.00
    The Functions of Arbitral Institutions (eBook) ISBN 9789041162205
    Published August 2016
    Kluwer Law International
    £189.00
    (ePub)
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    The Functions of Arbitral Institutions ISBN 9789041162175
    Published August 2016
    Kluwer Law International
    £189.00
    Party-Appointed Arbitrators in International Commercial Arbitration ISBN 9789041166715
    Published April 2016
    Kluwer Law International
    £204.00
    International Arbitration and Cross-Border Insolvency: Comparative Perspectives ISBN 9789041154194
    Published September 2014
    Kluwer Law International
    £211.00
    Parallel Proceedings in International Arbitration: A Comparative European Perspective ISBN 9789041152640
    Published May 2014
    Kluwer Law International
    £217.00
    Piercing the Veil of State Enterprises in International Arbitration ISBN 9789041151629
    Published April 2014
    Kluwer Law International
    £204.00
    £204.00
    International Arbitration and the Permanent Court of Arbitration ISBN 9789041147660
    Published August 2013
    Kluwer Law International
    £204.00
    £204.00
    Challenge and Disqualification of Arbitrators in International Arbitration ISBN 9789041137999
    Published January 2012
    Kluwer Law International
    £204.00
    China-Africa Dispute Settlement: The Law, Economics and Culture of Arbitration ISBN 9789041136749
    Published November 2011
    Kluwer Law International
    £204.00
    Confidentiality in International Commercial Arbitration ISBN 9789041132260
    Published July 2011
    Kluwer Law International
    £185.00
    Bias Challenges in International Arbitration: The Need for a Real Danger Test ISBN 9789041131911
    Published November 2009
    Kluwer Law International
    £185.00
    Arbitrability: International & Comparative perspectives ISBN 9789041127303
    Published March 2009
    Kluwer Law International
    £185.00
    Force Majeure and Hardship Under General Contract Principles ISBN 9789041127921
    Published January 2009
    Kluwer Law International
    £231.00
    £182.00
    £197.00
    Pervasive Problems in International Arbitration ISBN 9789041124500
    Published May 2006
    Kluwer Law International
    £177.00
    Complex Arbitrations: Multiparty, Multicontract, Multi-Issue and Class Actions ISBN 9789041124425
    Published December 2005
    Kluwer Law International
    Out of print
    Provisional Measures in International Commercial Arbitration ISBN 9789041123534
    Published August 2005
    Kluwer Law International
    £187.00
    Online Dispute Resolution: Challenges for Contemporary Justice ISBN 9789041123183
    Published December 2004
    Kluwer Law International
    £239.00
    Towards a Science of International Arbitration: Collected Empirical Research ISBN 9789041123220
    Published December 2004
    Kluwer Law International
    £187.00
    Corruption in International Trade and Commercial Arbitration ISBN 9789041122360
    Published March 2004
    Kluwer Law International
    £257.00
    The Healthy Award: Challenges in International Commercial Arbitration ISBN 9789041120113
    Published March 2003
    Kluwer Law International
    £300.00
    The International Effectiveness of the Annulment of an Arbitral Award ISBN 9789041117175
    Published January 2002
    Kluwer Law International
    £154.00
    Arbitration in Complex International Contracts ISBN 9789041116628
    Published October 2001
    Kluwer Law International
    £207.00
    Insolvency Proceedings and Commercial Arbitration ISBN 9789041111159
    Published June 2000
    Kluwer Law International
    £195.00
    Arbitration and Mediation in International Business ISBN 9789041102423
    Published June 1998
    Kluwer Law International
    Out of print
    Iran-United States Claims Tribunal in Action ISBN 9781853339028
    Published March 1993
    Brill Academic Publishers
    Out of print
    Price on Application