{"id":3865,"date":"2021-05-27T15:26:31","date_gmt":"2021-05-27T13:26:31","guid":{"rendered":"https:\/\/wagner-arbitration.com\/?p=3865"},"modified":"2024-03-18T11:30:02","modified_gmt":"2024-03-18T09:30:02","slug":"challenges-and-opportunities-in-investor-state-dispute-settlement","status":"publish","type":"post","link":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/","title":{"rendered":"Challenges and Opportunities in Investor-State Dispute Settlement"},"content":{"rendered":"<p>During the <a href=\"https:\/\/2021.lidw.co.uk\/\">London International Disputes Week 2021<\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/laura-halonen-99458a123\/?originalSubdomain=eng\">Laura Halonen<\/a> spoke at an interactive panel of leading experts on investment arbitration. The event was organized jointly by White &amp; Case, Clifford Chance, Herbert Smith Freehills, EFILA and the Queen Mary University London.<\/p>\n<p><!--more--><\/p>\n<p>The panel was chaired by <a href=\"https:\/\/www.linkedin.com\/in\/dgoldberg2\/?originalSubdomain=uk\">David Goldberg<\/a> (White &amp; Case) and the other speakers were <a href=\"https:\/\/www.linkedin.com\/in\/hannah-ambrose-9a935682\/\">Hannah Ambrose<\/a> (Herbert Smith Freehills), <a href=\"https:\/\/www.linkedin.com\/in\/epaminontas-triantafilou-0816922\/\">Epaminontas Triantafilou<\/a> (Quinn Emanuel Urquhart &amp; Sullivan) and <a href=\"https:\/\/www.linkedin.com\/in\/audley-sheppard-qc-24025b8\/\">Audley Sheppard QC<\/a> (Clifford Chance). Each panelist introduced one aspect of the current challenges and developments in investor-State dispute settlement (ISDS), while the public was invited to participate by voting in polls and asking questions.<\/p>\n<h3>The Personal Scope of Investment Treaties<\/h3>\n<p>Laura Halonen spoke on the personal scope of application of investment treaties. Historically, BITs were bilateral agreements between States that wanted to encourage foreign investments by granting certain benefits. But because of the broad language of the treaties, two groups of investors have been able to use BITs in their favor despite arguably not being the kind of investor the States originally wanted to attract. The first group is host State nationals, who use the BIT to gain extra protection for their investment in their own State, either by being a dual national of also the other contracting State party (the \u201chome State\u201d), or by round-tripping their investments through a company incorporated in the home State. The second group consists of investors using investment planning to move their investments to a jurisdiction with the aim of gaining special benefits. This was also not necessarily meant to be an objective of BITs, because it does not attract new investment to the host State from companies genuinely established in the home State.<\/p>\n<p>Laura reviewed some State practice in recent model and multilateral treaties to see if there were any trends emerging that dealt with these issues. \u00a0She reported that some States have simply expressly removed dual nationals and\/or companies that are controlled by host State nationals or third State nationals \u2013 and who do not have any real economic activities in their technical home State \u2013 from the <em>ratione personae<\/em> scope of the BIT. Another prominent trend she observed was the use of the \u201cdominant and effective\u201d nationality test when facing a dual national. Some treaties proposed to deal with these issues in denial-of-benefits clauses, which Laura argued have proven to be problematic in the past. \u00a0She queried why other, easier solutions had not been favored by these States.<\/p>\n<p>In response to a question from the audience regarding \u201ctreaty shopping\u201d Ms. Halonen opined that one person\u2019s treaty shopping is another person\u2019s treaty planning.\u00a0 If this were seen as problematic by States, it could be easily fixed in treaties, like India, for example, had done in its Model BIT.\u00a0 States should not be treated like babies, but as the sophisticated players that they are.<\/p>\n<h3>The Conclusion<\/h3>\n<p>Overall, the panel engaged in a vivid discussion on current developments and challenges faced by ISDS and provided insightful remarks on thorny investment law issues. We thank the organizers and look forward to the 2022 edition of the London Disputes Week!<\/p>\n<p>For the full event report, check out the <a href=\"http:\/\/arbitrationblog.kluwerarbitration.com\/2021\/05\/20\/lidw-2021-challenges-and-opportunities-in-investor-state-dispute-settlement\/\">Kluwer Arbitration Blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the London International Disputes Week 2021, Laura Halonen spoke at an interactive panel of leading experts on investment arbitration. The event was organized jointly by White &amp; Case, Clifford Chance, Herbert Smith Freehills, EFILA and the Queen Mary University London.<\/p>\n","protected":false},"author":21,"featured_media":2889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[166],"tags":[],"class_list":["post-3865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Challenges and Opportunities in Investor-State Dispute Settlement | WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz<\/title>\n<meta name=\"description\" content=\"Dr. Philipp K. Wagner ist Rechtsanwalt in Berlin, auf Schiedsverfahren und internationales Wirtschaftsrecht spezialisiert und als Mediator qualifiziert.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Challenges and Opportunities in Investor-State Dispute Settlement | WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz\" \/>\n<meta property=\"og:description\" content=\"Dr. Philipp K. Wagner ist Rechtsanwalt in Berlin, auf Schiedsverfahren und internationales Wirtschaftsrecht spezialisiert und als Mediator qualifiziert.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\" \/>\n<meta property=\"og:site_name\" content=\"WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-27T13:26:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-18T09:30:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wagner-arbitration.com\/wp-content\/uploads\/2019\/12\/M-0010_43669_Hoffotografen-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"935\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"katharina\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"katharina\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"3\u00a0Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\"},\"author\":{\"name\":\"katharina\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#\/schema\/person\/8704d2c26404d31e32b9f2bfa1578d99\"},\"headline\":\"Challenges and Opportunities in Investor-State Dispute Settlement\",\"datePublished\":\"2021-05-27T13:26:31+00:00\",\"dateModified\":\"2024-03-18T09:30:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\"},\"wordCount\":531,\"publisher\":{\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#organization\"},\"articleSection\":[\"Law\"],\"inLanguage\":\"de\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\",\"url\":\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\",\"name\":\"Challenges and Opportunities in Investor-State Dispute Settlement | WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz\",\"isPartOf\":{\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#website\"},\"datePublished\":\"2021-05-27T13:26:31+00:00\",\"dateModified\":\"2024-03-18T09:30:02+00:00\",\"description\":\"Dr. Philipp K. Wagner ist Rechtsanwalt in Berlin, auf Schiedsverfahren und internationales Wirtschaftsrecht spezialisiert und als Mediator qualifiziert.\",\"inLanguage\":\"de\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#website\",\"url\":\"https:\/\/wagner-arbitration.com\/de\/\",\"name\":\"WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz\",\"description\":\"Die Rechtsanwaltskanzlei WAGNER Arbitration ist auf Streitbeilegung mit Schwerpunkt Schiedsgerichtsbarkeit sowie Wirtschaftsrecht spezialisiert\",\"publisher\":{\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wagner-arbitration.com\/de\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"de\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#organization\",\"name\":\"WAGNER Arbitration Berlin\",\"url\":\"https:\/\/wagner-arbitration.com\/de\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wagner-arbitration.com\/wp-content\/uploads\/2023\/08\/Wagner-Arbitration-Preview.jpg\",\"contentUrl\":\"https:\/\/wagner-arbitration.com\/wp-content\/uploads\/2023\/08\/Wagner-Arbitration-Preview.jpg\",\"width\":1524,\"height\":1136,\"caption\":\"WAGNER Arbitration Berlin\"},\"image\":{\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/wagner-arbitration\/?originalSubdomain=de\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#\/schema\/person\/8704d2c26404d31e32b9f2bfa1578d99\",\"name\":\"katharina\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/wagner-arbitration.com\/de\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3e39ad432b3d49e9feb9fa5624010eba?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3e39ad432b3d49e9feb9fa5624010eba?s=96&d=mm&r=g\",\"caption\":\"katharina\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Challenges and Opportunities in Investor-State Dispute Settlement | WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz","description":"Dr. Philipp K. Wagner ist Rechtsanwalt in Berlin, auf Schiedsverfahren und internationales Wirtschaftsrecht spezialisiert und als Mediator qualifiziert.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/","og_locale":"de_DE","og_type":"article","og_title":"Challenges and Opportunities in Investor-State Dispute Settlement | WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz","og_description":"Dr. Philipp K. Wagner ist Rechtsanwalt in Berlin, auf Schiedsverfahren und internationales Wirtschaftsrecht spezialisiert und als Mediator qualifiziert.","og_url":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/","og_site_name":"WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz","article_published_time":"2021-05-27T13:26:31+00:00","article_modified_time":"2024-03-18T09:30:02+00:00","og_image":[{"width":1800,"height":935,"url":"https:\/\/wagner-arbitration.com\/wp-content\/uploads\/2019\/12\/M-0010_43669_Hoffotografen-1.jpg","type":"image\/jpeg"}],"author":"katharina","twitter_card":"summary_large_image","twitter_misc":{"Verfasst von":"katharina","Gesch\u00e4tzte Lesezeit":"3\u00a0Minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/#article","isPartOf":{"@id":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/"},"author":{"name":"katharina","@id":"https:\/\/wagner-arbitration.com\/de\/#\/schema\/person\/8704d2c26404d31e32b9f2bfa1578d99"},"headline":"Challenges and Opportunities in Investor-State Dispute Settlement","datePublished":"2021-05-27T13:26:31+00:00","dateModified":"2024-03-18T09:30:02+00:00","mainEntityOfPage":{"@id":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/"},"wordCount":531,"publisher":{"@id":"https:\/\/wagner-arbitration.com\/de\/#organization"},"articleSection":["Law"],"inLanguage":"de"},{"@type":"WebPage","@id":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/","url":"https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/","name":"Challenges and Opportunities in Investor-State Dispute Settlement | WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz","isPartOf":{"@id":"https:\/\/wagner-arbitration.com\/de\/#website"},"datePublished":"2021-05-27T13:26:31+00:00","dateModified":"2024-03-18T09:30:02+00:00","description":"Dr. Philipp K. Wagner ist Rechtsanwalt in Berlin, auf Schiedsverfahren und internationales Wirtschaftsrecht spezialisiert und als Mediator qualifiziert.","inLanguage":"de","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wagner-arbitration.com\/de\/2021\/05\/27\/challenges-and-opportunities-in-investor-state-dispute-settlement\/"]}]},{"@type":"WebSite","@id":"https:\/\/wagner-arbitration.com\/de\/#website","url":"https:\/\/wagner-arbitration.com\/de\/","name":"WAGNER Arbitration Berlin | Dr. Philipp K. Wagner, Dr. Joseph Schwartz","description":"Die Rechtsanwaltskanzlei WAGNER Arbitration ist auf Streitbeilegung mit Schwerpunkt Schiedsgerichtsbarkeit sowie Wirtschaftsrecht spezialisiert","publisher":{"@id":"https:\/\/wagner-arbitration.com\/de\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wagner-arbitration.com\/de\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"de"},{"@type":"Organization","@id":"https:\/\/wagner-arbitration.com\/de\/#organization","name":"WAGNER Arbitration Berlin","url":"https:\/\/wagner-arbitration.com\/de\/","logo":{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/wagner-arbitration.com\/de\/#\/schema\/logo\/image\/","url":"https:\/\/wagner-arbitration.com\/wp-content\/uploads\/2023\/08\/Wagner-Arbitration-Preview.jpg","contentUrl":"https:\/\/wagner-arbitration.com\/wp-content\/uploads\/2023\/08\/Wagner-Arbitration-Preview.jpg","width":1524,"height":1136,"caption":"WAGNER Arbitration Berlin"},"image":{"@id":"https:\/\/wagner-arbitration.com\/de\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/wagner-arbitration\/?originalSubdomain=de"]},{"@type":"Person","@id":"https:\/\/wagner-arbitration.com\/de\/#\/schema\/person\/8704d2c26404d31e32b9f2bfa1578d99","name":"katharina","image":{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/wagner-arbitration.com\/de\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3e39ad432b3d49e9feb9fa5624010eba?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3e39ad432b3d49e9feb9fa5624010eba?s=96&d=mm&r=g","caption":"katharina"}}]}},"_links":{"self":[{"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/posts\/3865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/comments?post=3865"}],"version-history":[{"count":0,"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/posts\/3865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/media\/2889"}],"wp:attachment":[{"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/media?parent=3865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/categories?post=3865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagner-arbitration.com\/de\/wp-json\/wp\/v2\/tags?post=3865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}