Remove Corruption Remove Definition Remove Negotiation
article thumbnail

European Commission Publishes Non-Paper of Model Clauses for Member States’ Bilateral Investment Agreements with Third Countries

Kluwer Arbitration

In October 2023, the European Commission published a Non-Paper of Annotations to Model Clauses for Negotiation or Re-negotiation of Member States’ Bilateral Investment Treaties (“BITs”) with Third Countries (“Model Clauses”) (“Non-Paper”). What Is Covered in Their Scope?

article thumbnail

A Never-ending Story? Dual Nationals in Investment Arbitration: A Commentary on Santamarta v Venezuela

Kluwer Arbitration

Treatment of dual nationals under the BIT The BIT contains a definition of “investor” that includes natural or legal persons who hold the nationality of any of the contracting parties (BIT, art. Therefore, under international investment agreements, all the possible sources of jurisdiction are in control of the states, not the investors.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Turning up the Heat on Tech Investors: Navigating the New “Tech Cold War”

Kluwer Arbitration

Criteria for Treaty Protection Investors must ensure they meet the threshold conditions contained in the relevant treaties, including: (i) the definitions of a qualifying investor and qualifying investment; and (ii) other requirements (e.g., a negotiation period, time limitations, or excluded disputes).

article thumbnail

Columbia Arbitration Day 2024: “The New Era of International Arbitration: A User Guide”

Kluwer Arbitration

The panelists kicked off the discussion by noting there is no universal definition of Artificial Intelligence (“AI”), but there is unanimity that AI can now make decisions in an equal or better form than human beings. International prejudice also comes to mind as a severe challenge when negotiating BITs.

article thumbnail

Arbitration With Public Entities in Brazil: Must Regulatory Agencies Participate?

Kluwer Arbitration

The Brazilian arbitration market will definitely follow closely the next decisions to be issued by the STJ Chamber and the STF on this case. Pursuant to Municipal Decree No. 3,066/2007, the matter was evaluated by the Mirassol Water and Sewage Services Regulatory Agency (“ARSAE”), which denied the request in the administrative sphere.

article thumbnail

Brexit 2.0: The United Kingdom Leaves the Energy Charter Treaty

Kluwer Arbitration

In line with the definition in Article 1(2) of the ECT, states in their one-year “withdrawal period” under Article 47(2) of the ECT also count as contracting parties for these purposes. Indeed, the ECT’s contracting parties had negotiated a “flexibility mechanism” for the modernized ECT. At the same time, Article 36(1) lit.

article thumbnail

Guiding Cases 199-201 Issued by the PRC Supreme People’s Court—Further Steps Toward a Pro-Arbitration Regime

Kluwer Arbitration

However, taking a step back, if the award merely required the respondent to compensate the claimant with bitcoins or allowed the value of the bitcoins to be determined through parties’ negotiation instead of by reference to the price from a third-party website, would such award be enforceable? As a case in point, in Sun Dingshang v.

Price 59