Overview
- Addresses the interpretation of the Fair and Equitable Treatment (FET) standard, particularly in the context of developmental issues and challenges faced by host developing countries
- Explores host developing countries’ perspectives in international investment disputes and identifies key problems in interpretations of the FET standard rendered by the current investment tribunals
- Investigates whether different classifications of countries adopted by different international organizations are useful in understanding the developmental issues of the host developing countries in an investment dispute context
Part of the book series: International Law and the Global South (ILGS)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
About this book
This book presents comprehensive information on a range of issues in connection with the Fair and Equitable Treatment (FET) standard, with a particular focus on arbitral awards against host developing countries, thereby contributing to the available literature in this area of international investment law. It examines in detail the interpretation of the FET standard of key arbitral awards affecting host developing countries, demonstrating the full range of interpretation approaches adopted by the current investment tribunals. At the same time, the book offers valuable practical guidance for counsels/scholars representing host developing countries in investment arbitration, where balancing the competing interests of the foreign investors and the host developing countries in investment disputes poses a complex challenge.
The book puts forward the pressing need for a re-conceptualized interpretation of the FET standard in tune with the developmental issues and challenges faced by host developing countries, recognizing these countries’ particular perspectives as an important and relevant aspect of investment disputes (often ignored by the current investment tribunals), while continuing to ensure reasonable protections for foreign investors and therefore serving the needs of the system as whole. The findings presented here will greatly benefit host developing countries engaged in investment arbitration. In addition, the book offers an insightful guide for all researchers whose work involves investment law and investment arbitration issues.
Similar content being viewed by others
Keywords
Table of contents (8 chapters)
Reviews
“It would seem that works like the one by Professor Islam in analysing the perils of the elastic nature of the FET standard and the way arbitral tribunals interpret it, would encourage some soul-searching among many policymakers in the global South. Anyone with interest in international investment law would do well to consult this work of Professor Islam, and this is even more so for those in the global South.” (Md. Rizwanul Islam, afronomicslaw.org, March 3, 2021)
“The book flees from a Manichean vision of international investment law. It is not written against foreign investors and in favor of developing States. With a scientific caution, the author reflects on how bridges can be built between these two actors with the aim of upholding development priorities without undermining investors’ protection — thereby hinting at a fair and equitable treatment for host developing States.” (Nitish Monebhurrun, afronomicslaw.org, March 2, 2021)
Authors and Affiliations
About the author
Dr. Rumana Islam is an Associate Professor at the Department of Law, University of Dhaka, Bangladesh. At present she also holds the position of Assistant Director (part-time) of the law research wing of Bangladesh Institute of Law and International Affairs (BILIA). After completing her LLB and LLM degrees from the University of Dhaka, she earned an LLM with a specialization in commercial law from the University of Cambridge (UK) in 2006. She completed her doctoral work at the University of Warwick (UK) with a Commonwealth Scholarship in 2015. Her research interests include international investment law, investment arbitration, commercial arbitration, public international law, banking and securities laws, corporate law and human rights.
Bibliographic Information
Book Title: The Fair and Equitable Treatment (FET) Standard in International Investment Arbitration
Book Subtitle: Developing Countries in Context
Authors: Rumana Islam
Series Title: International Law and the Global South
DOI: https://doi.org/10.1007/978-981-13-2125-2
Publisher: Springer Singapore
eBook Packages: Law and Criminology, Law and Criminology (R0)
Copyright Information: Springer Nature Singapore Pte Ltd. 2018
Hardcover ISBN: 978-981-13-2124-5Published: 01 October 2018
Softcover ISBN: 978-981-13-4734-4Published: 01 February 2019
eBook ISBN: 978-981-13-2125-2Published: 18 September 2018
Series ISSN: 2510-1420
Series E-ISSN: 2510-1439
Edition Number: 1
Number of Pages: XXXIII, 202
Topics: Dispute Resolution, Mediation, Arbitration, International Economic Law, Trade Law, Commercial Law