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Investors’ International Law 投资者国际法
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-12-18 DOI: 10.1093/jiel/jgad044
D. Dagbanja
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引用次数: 0
Pro-Claimant bias in arbitrator selection 仲裁员选择中的亲申请人偏见
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-12-13 DOI: 10.1093/jiel/jgad039
Tobias Traxler
Recent empirical studies have confirmed that arbitrator selection affects outcomes in investor–state arbitrations. This article builds on the existing literature, relying on 48 semistructured interviews with investor-state arbitration practitioners. It makes three novel claims: (A) sophisticated counsel nowadays will take factors beyond a candidate’s appointment record into account when selecting an arbitrator. In this, a candidate’s likely ability to influence their peers’ thinking is particularly important. (B) States struggle to keep up with investors in the sophisticated process of arbitrator selection. They are frequently unable to engage counsel and select suitable arbitrators within the mandated timelines for arbitrator selection, and (C), as a consequence of the former two insights, states frequently fall into four different traps when selecting arbitrators. They appoint as their arbitrators famous jurists without significant investor-state arbitration experience, famous proinvestor arbitrators, and famous arbitrators that have publicly assumed entrenched positions and defer appointments to appointing authorities. This hinders states’ ability to effectively further their case during arbitrator selection, thus disadvantaging them in investor–state arbitrations.
最近的实证研究证实,仲裁员的选择会影响投资者与国家间仲裁的结果。本文以现有文献为基础,通过对投资国仲裁从业人员进行 48 次半结构式访谈,提出了三点新主张:(A) 如今,成熟的律师在选择仲裁员时会考虑候选人的任命记录以外的因素。文章提出了三个新主张:(A) 如今,成熟的法律顾问在选择仲裁员时会考虑候选人任命记录以外的因素。其中,候选人影响同行想法的能力尤为重要。(B) 各国在选择仲裁员的复杂过程中很难跟上投资者的步伐。它们经常无法在规定的仲裁员遴选时限内聘请律师并遴选出合适的仲裁员,以及(C)由于前两条见解的结果,各国在遴选仲裁员时经常陷入四种不同的陷阱。它们任命没有丰富的投资者与国家间仲裁经验的知名法学家、知名的亲投资者仲裁员以及公开表明立场的知名仲裁员担任仲裁员,并将任命推迟至指定机构。这阻碍了各国在仲裁员选择过程中有效推进其案件的能力,从而使其在投资国仲裁中处于不利地位。
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引用次数: 0
Energy disciplines in PTAs between security and sustainability concerns: a comparative perspective 安全和可持续性关切之间的 PTA 能源纪律:比较视角
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-12-13 DOI: 10.1093/jiel/jgad040
Ilaria Espa
This article aims at exploring the universe of energy disciplines included in preferential trade agreements (PTAs) and their evolution through the prisms of energy security and energy sustainability. It offers a comparative perspective by classifying relevant provisions according to their scope and coverage, their level of normativity and enforceability, and their innovative potential for driving a structural reorientation of PTAs from a security-driven approach (ie focused on the use of trade rules to promote energy trade in order to foster availability) to a sustainability-driven approach (ie focused on the use of trade rules to promote environmentally sustainable energy trade in order to facilitate the energy transition). It identifies the main tenets underpinning this ongoing shift and offers some reflections on how and to which extent environmental sustainability can be advanced through PTA disciplines on energy.
本文旨在从能源安全和能源可持续性的角度,探讨优惠贸易协定(PTAs)中包含的能源纪律及其演变。文章提供了一个比较视角,根据相关条款的范围和覆盖面、规范性和可执行性水平及其创新潜力对其进行分类,以推动优惠贸易协定的结构调整,从安全驱动型方法(即侧重于利用贸易规则促进能源贸易,以促进可获得性)转向可持续性驱动型方法(即侧重于利用贸易规则促进环境可持续的能源贸易,以促进能源转型)。本报告确定了支撑这一持续转变的主要原则,并就如何以及在多大程度上通过关于能源的《自由贸易协定》纪律来促进环境可持续性提出了一些思考。
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引用次数: 0
From guano to green hydrogen: food security and fertilizer disputes in international energy law 从鸟粪到绿色氢气:国际能源法中的粮食安全与肥料争端
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-12-13 DOI: 10.1093/jiel/jgad037
Oliver Hailes
Russia’s invasion of Ukraine triggered energy and food crises, driven by demand for natural gas as fuel and fertilizer feedstock. By adopting a recent framework for analysing the diverse ways in which international law regulates energy transactions, I extend the category of end-use energy products to include food for human consumption, given the economic importance of dietary energy and the entangled agendas of energy and food security. To highlight the intermediate roles played by international law in securing resources for conversion into dietary energy, I show how rules allocating entitlements over fossil fuels were inherited from an earlier generation of international disputes over fertilizer resources, including the taxation of nitrate exports, alien entitlements to guano discoveries, and the well-known confiscation of a factory at Chorzów. Many of these disputes between States and commercial actors prefigured the reliance of the modern energy industry on investment arbitration and retain currency in case law. Yet, the fertilizer trade also informed the development of offshore resource entitlements, the local regulation of global externalities, and the belated recognition of the rights of peoples over natural resources. Despite this normative evolution, dispute settlement in the energy sector is still driven by States and commercial actors, although the underlying transactions may have profound implications for food security. By reframing food as energy and integrating fertilizer disputes into a long history of international energy law, the anticipated transition from fossil fuels towards green hydrogen as a dual-use fuel and fertilizer feedstock may generate familiar sites of distributive conflict over resources for the production of dietary energy, calling for closer attention to whether food security may be enhanced by the entitlements of collective subjects (food sovereignty), individuals (right to food), corporations (investment protection), and States (economic regulation).
俄罗斯入侵乌克兰引发了能源和粮食危机,其驱动力是对作为燃料和化肥原料的天然气的需求。考虑到饮食能源的经济重要性以及能源和粮食安全议程之间的纠葛,我采用了一个最新框架来分析国际法规范能源交易的各种方式,从而将最终用途能源产品的类别扩展到人类消费的食品。为了强调国际法在确保将资源转化为饮食能源方面所发挥的中间作用,我展示了化石燃料权益分配规则是如何从上一代化肥资源国际争端中继承下来的,包括硝酸盐出口征税、外国人对鸟粪发现的权益,以及众所周知的霍茹夫工厂没收事件。其中许多国家与商业行为者之间的争端预示着现代能源行业对投资仲裁的依赖,并在判例法中得以保留。然而,化肥贸易也为离岸资源权利的发展、全球外部性的地方监管以及对人民对自然资源权利的迟来承认提供了信息。尽管规范发生了演变,但能源领域的争端解决仍由国家和商业行为者推动,尽管基本交易可能对粮食安全产生深远影响。通过将粮食重构为能源,并将化肥争端纳入国际能源法的悠久历史,预期从化石燃料向作为两用燃料和化肥原料的绿色氢气的过渡,可能会产生人们熟悉的关于生产饮食能源的资源分配冲突的场所,要求更密切地关注集体主体(粮食主权)、个人(食物权)、公司(投资保护)和国家(经济监管)的权利是否可以加强粮食安全。
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引用次数: 0
ISDS 2.0: time for a doctrine of precedent? ISDS 2.0:先例理论的时机已到?
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-12-12 DOI: 10.1093/jiel/jgad033
Martin Jarrett
The reform process for ISDS at UNCITRAL is reaching its climax. Within the next few years, a treaty for ‘ISDS 2.0’ should emerge from this process. A key feature of ISDS 2.0 will be a new international court for resolving investor–state disputes. This court should include an appellate tribunal. A core function of this appellate tribunal will be to produce consistent case law, noting a common complaint about ‘ISDS 1.0’ is that it has produced inconsistent case law. There is good reason to believe that the appellate tribunal of ISDS 2.0 can deliver consistent case law, but the promoters behind ISDS 2.0 need to be careful what they wish for. The WTO dispute settlement system produced consistent case law, yet that achievement turned out to be a reason for its subsequent breakdown. Consistent case law apparently sounds good in theory, but it is not welcome in practice. Is there a way out of this conundrum? This article proposes that a formal doctrine of precedent is the solution. This proposal might initially provoke some surprise—a softer system of precedent is apparently the best compromise. But a doctrine of precedent can be crafted to limit adjudicative law-making power, while emphasizing states’ control over their investment–treaty obligations. This article puts forward the broad outline of this conception of a doctrine of precedent, explains why it gives effect to states’ interests, and examines the methods by which a doctrine of precedent could be adopted.
联合国国际贸易法委员会(UNCITRAL)的 ISDS 改革进程正进入高潮。在未来几年内,"投资者与国家争端解决 2.0 "条约将从这一进程中产生。ISDS 2.0 的一个主要特点是将设立一个新的国际法庭来解决投资者与国家之间的争端。该法院应包括一个上诉法庭。上诉法庭的一个核心职能将是制定一致的判例法,因为对 "ISDS 1.0 "的一个普遍抱怨就是它制定了不一致的判例法。我们有充分的理由相信 ISDS 2.0 的上诉法庭能提供一致的判例法,但 ISDS 2.0 背后的推动者需要小心他们的愿望。世贸组织争端解决体系产生了连贯的判例法,但这一成就却成为其后来崩溃的原因。一致的判例法在理论上听起来似乎不错,但在实践中却不受欢迎。是否有办法解决这一难题?本文提出,正式的先例学说是解决之道。这一提议最初可能会引起一些人的惊讶--较软性的先例体系显然是最好的折中方案。但是,先例学说可以在强调国家对其投资条约义务的控制的同时,限制裁判性立法权。本文提出了先例理论概念的大致轮廓,解释了先例理论为何能实现国家利益,并探讨了采用先例理论的方法。
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引用次数: 0
Peaceful settlement of inter-state energy disputes: applicable law, defence arguments, and remedies in the ICC arbitration between Iraq and Turkey 和平解决国家间能源争端:国际商会伊拉克与土耳其仲裁案中的适用法律、辩护理由和补救措施
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-12-01 DOI: 10.1093/jiel/jgad038
B. Demirkol
At this critical juncture in the energy transition dominated by debates over armed conflicts, advisory opinions on climate changes, and investor-State arbitration, it is critical to also consider developments in the peaceful settlement of inter-State energy disputes. One central dispute between the Republic of Iraq and the Republic of Turkey arose out of the Crude Oil Pipeline Agreement for the supply and purchase of crude oil. Iraq filed a request for arbitration in May 2014 under the International Chamber of Commerce Rules of Arbitration. The Tribunal awarded Iraq nearly United States Dollars (USD) 1.5 billion. The Tribunal’s unanimous final award in 2023 discusses fascinating aspects of international energy transactions, including the choice of domestic law in a treaty dispute, defences under the law of treaties, a putative norm of jus cogens to prevent genocide, and possible remedies in an inter-State pipeline arbitration.
在这个能源转型的关键时刻,围绕武装冲突的辩论、关于气候变化的咨询意见和投资者与国家之间的仲裁占据了主导地位,同时也必须考虑和平解决国家间能源争端的发展。伊拉克共和国和土耳其共和国之间的一项主要争端是关于供应和购买原油的《原油管道协定》。2014年5月,伊拉克根据《国际商会仲裁规则》提出仲裁请求。法庭判给伊拉克近15亿美元。仲裁庭于2023年一致作出的最终裁决讨论了国际能源交易中引人入胜的方面,包括条约争端中国内法的选择、条约法下的抗辩、防止种族灭绝的推定强制法规范,以及国家间管道仲裁中可能的补救措施。
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引用次数: 0
The dilemma of sovereign debt enforcement 主权债务执行的困境
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-11-29 DOI: 10.1093/jiel/jgad034
L. Buchheit
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引用次数: 0
Climate change and oil and gas production regulation: an impossible reconciliation? 气候变化与油气生产监管:不可调和?
IF 3.1 1区 社会学 Q1 LAW Pub Date : 2023-11-17 DOI: 10.1093/jiel/jgad032
Daria Shapovalova
Fossil fuel combustion is undeniably the largest source of greenhouse gas emissions worldwide. In order to meet the Paris Agreement target of keeping global warming below 2°C, globally, a third of oil and half of gas reserves should remain unused from 2010 to 2050. In 2021, the International Energy Agency estimated that in the net-zero emissions scenario there is no need for fossil fuel exploration, new oil and natural gas fields beyond those already been approved for development, or new coal mines or mine extensions. While greenhouse gas emissions from the actual exploration and production activities (upstream emissions) are increasingly regulated, the emissions from the final combustion of the produces oil and gas are not taken into account when new projects are approved. This paper argues that there is a significant lack of integration between climate and energy regulation which, if not corrected, may result in challenges to achieve the global climate targets. It analyses the mechanisms for better inclusion of climate considerations at the oil and gas development approval stage. It starts with a review of international initiatives examining the lack of engagement with the climate regime and fossil fuel production. It further analyses the oil and gas development approval regime in the UK with a view to highlighting the lack of integration of climate concerns in the licensing and environmental assessment processes.
不可否认,化石燃料燃烧是全球温室气体排放的最大来源。为了实现《巴黎协定》将全球变暖控制在2摄氏度以下的目标,从2010年到2050年,全球三分之一的石油储量和一半的天然气储量应该保持未使用状态。国际能源署(iea)在2021年估计,在净零排放情景下,不需要勘探化石燃料,也不需要在已批准开发的油气田之外开发新的油气田和天然气田,也不需要新建煤矿或扩建煤矿。虽然来自实际勘探和生产活动(上游排放)的温室气体排放越来越受到监管,但在批准新项目时,生产的石油和天然气最终燃烧产生的排放并未被考虑在内。本文认为,气候和能源监管之间严重缺乏整合,如果不加以纠正,可能会导致实现全球气候目标的挑战。它分析了在油气开发审批阶段更好地纳入气候因素的机制。它首先回顾了国际倡议,审查了缺乏与气候制度和化石燃料生产的接触。它进一步分析了英国的石油和天然气开发审批制度,以强调在许可和环境评估过程中缺乏对气候问题的整合。
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引用次数: 0
Energy justice in times of crisis: protection of consumers and market-based renewable energy investments 危机时期的能源正义:保护消费者和基于市场的可再生能源投资
1区 社会学 Q1 LAW Pub Date : 2023-11-10 DOI: 10.1093/jiel/jgad030
Anatole Boute
ABSTRACT In response to the 2022 energy crisis, caused by the disruption of Russian gas supplies to Europe, the European Union (EU) emphasized the importance of accelerating the deployment of renewable energy to ensure supply security and lower energy prices. Paradoxically, renewable energy investments were also one of the main targets of the EU efforts to contain the hardship of the crisis. Based on the reasoning that investors in wind and solar energy received profits that by far exceeded pre-crisis levels, the EU capped their ‘surplus revenues’ and initially proposed to decouple electricity from gas prices. These initiatives were justified based on considerations of distributive energy justice. Yet, by interfering with revenues and the electricity market structure, the EU signalled to renewable energy investors the risk of regulatory intervention with the market basis governing their investments. Building on the arbitral practice on renewable energy and electricity regulation, this article examines the international protection of market-based renewable energy investments and critically reflects on how investment protection affects states’ right to ensure energy justice in times of crisis.
为应对俄罗斯中断对欧洲天然气供应导致的2022年能源危机,欧盟强调了加快可再生能源部署以确保供应安全和降低能源价格的重要性。矛盾的是,可再生能源投资也是欧盟遏制危机努力的主要目标之一。基于风能和太阳能投资者获得的利润远远超过危机前的水平,欧盟限制了他们的“盈余收入”,并最初提议将电力与天然气价格脱钩。基于对能源分配公平的考虑,这些举措是合理的。然而,通过干预收入和电力市场结构,欧盟向可再生能源投资者发出信号,表明监管机构可能会对其投资的市场基础进行干预。本文以可再生能源和电力监管的仲裁实践为基础,考察了基于市场的可再生能源投资的国际保护,并批判性地反思了投资保护如何影响国家在危机时期确保能源正义的权利。
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引用次数: 0
Beyond externalities: human rights as a foundation of entitlements over energy resources 超越外部性:人权是能源资源权利的基础
1区 社会学 Q1 LAW Pub Date : 2023-11-10 DOI: 10.1093/jiel/jgad031
Ginevra Le Moli
ABSTRACT The question of human rights and energy has been traditionally framed as an analysis of limitations on energy transactions arising from substantive and procedural human rights. Whereas the negative externality framing of human rights sets safeguards against the adverse effects of energy transactions and thereby restrains how such transactions are conducted, it overlooks a more fundamental dimension, the conferral of entitlements. Indeed, human rights define entitlements over energy resources, setting competing claims that limit not only how energy transactions are conducted but also the very power to conduct them in the first place. The entitlement dimension of human rights also unveils a wider question, namely the competing claims of a variety of collective subjects against the entitlement of the territorial or coastal States. In other words, such reframing opposes two logics of international law, each based on a different conception of the source from which entitlements flow. This article investigates the externality-avoidance and entitlement function of human rights in the context of international energy transactions. It reviews the most relevant judicial and quasi-judicial practice at the international level to illustrate the implications of framing the function of human rights from one or the other perspective.
人权和能源问题传统上被视为对实质性和程序性人权所产生的能源交易限制的分析。虽然人权的负面外部性框架规定了防止能源交易不利影响的保障措施,从而限制了如何进行这种交易,但它忽略了一个更基本的方面,即权利的授予。事实上,人权定义了能源资源的权利,设定了相互竞争的要求,不仅限制了能源交易的进行方式,而且首先限制了进行能源交易的权力。人权的权利方面还揭示了一个更广泛的问题,即各种集体主体对领土或沿海国权利的相互竞争的要求。换句话说,这种重新定义反对国际法的两种逻辑,每一种逻辑都基于对权利来源的不同概念。本文考察了国际能源交易背景下人权的外部性规避和权利功能。它审查了国际一级最相关的司法和准司法实践,以说明从一个或另一个角度界定人权职能的影响。
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引用次数: 0
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Journal of International Economic Law
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