The legitimate expectations in fair and eQuitable treatment

Yatırımlar için yapılan sözleşmelerde tarafların hak ve yükümlülüklerinin belirlenmesi ve uyuşmazlık çözüm metodunun tanımlanması önem taşır. Bu hak ve yükümlülükler ile uyuşmazlık çözüm methodları hakkında çift taraflı veya çok taraflı uluslararası yatırım anlaşmalarına da bulunmaktadır. "Adil ve hakkaniyete uygun davranma yükümlülüğü", bu alandaki sözleşme boşluklarını doldurmak ve yatırımcının yabancı devlette yatırım yapmaktaki meşru beklentilerini korumak için yaratılmış çok fonksiyonlu bir araçtır.

Adil ve hakkaniyete uygun davranış yükümlülüğünde yatırımcının meşru beklentileri

Like any basic transaction protection, an investment also begins with a carefully drafted framework That's why, solid construction of obligations of parties and defining a dispute resolution method is of significant importance for investment protection. These obligations and dispute settlement methods cumulatively are subject to bilateral and multilateral international investment treaties. Among these obligations, fair and equitable treatment standard is a multi-functional device, which is designed to patch all possible deficiencies in the treaties and protect legitimate expectations of an investor in investing in a particular foreign state.

PDF

___

Books
Black's Law Dictionary (3th Pocket Ed.2006)
Meg N. Kinnear , Andrea K. Bjorklund , et al Investment Disputes under NAFTA An Annotated Guide to NAFTA Chapter 11, Last updated: March 2008 Supplement No. 1 (Kluwer Law International, 2006)
R. Doak Bishop , James Crawford , et al, Foreign Investment Disputes: Cases, Materials and Commentary 1011 (Kluwer Law International 2005)
Standards of Investment Protection (August Reinisch ed., Oxford University Press, 2008)
The Energy Charter Treaty: an East-West Gateaway for Investment and Trade (Thomas W.Waelde ed., Kluwer Law International 1996)
Cases
-ADF Group v. United States of America, ICSID Case No.ARB(AF)/00/l, 09 January 2003
-Compania de Aguas del Aconquija SA. and Vivendi Universal v. Argentine Republic, ICSID Case No.ARB/97/3, Award, 20 August 2007.
-International Thunderbird Gaming v. The United Mexican States, Award, 26 January 2006,
-International Thunderbird Gaming Corporation v. The United Mexican States, Separate Opinion (dissent in part) by Thomas Waelde, 26 January 2006
-Limited Liability Company Amto v. Ukraine, Arbitration Institute of the SCC, Case No.080/2005, Award, 26 March 2008
-Metalclad Corporation v. The United Mexican States, ICSID Case No.ARB(AF)/97/1, Award, 30 August 2000,
-Mondev International Limited v. Unites States of America, (ICSID Case no. ARB(AF)/99/2) Award, 11 October 2002
-Plama Consortium v. Republic of Bulgaria, ICSID Case No.ARB/03/24, Award, 27 August 2008
-PSEG Global et al. v. Republic of Turkey, ICSID Case No.ARB/02/5, Award, 19 January 2007
-Saluka BV v. Czech Republic, UNCITRAL Rules Partial Award Permanent Court of Arbitration, 17 March 2006
-Siemens A.G. v. Argentina, ICSID Case No.ARB/02/08, Award, 6 February 2007
-Tecnicas Medioambientales Teemed, S.A. v. United Mexican States, ICSID Case No.ARB(AF)/00/2, Award, 29 May 2003
-The Loewen Group, Inc. and Raymond L. Loewen v. United States of America, ICSID Case No.ARB(AF)/98/3, Award, June 26, 2003
-USA (L. F. Neer) v. United Mexican States, decision of the General Claims Commission, United States-Mexico, 15 October 1926, Opinions of Commissioners, 1927, p.l, reproduced in the American Journal of International Law 1927
Other
-The European Energy Charter Treaty (1994)
-The North American Free Trade Agreement (1994)
- The Treaty Concerning the Reciprocal Encouragement and Protection of Investments, U.S. - TR, December 3, 1985
-The Vienna Convention on the Law of Treaties (1969)
-UNCTAD, Fair and Equitable Treatment, UNCTAD Series on issues in international investment agreements, Volume III, UNCTAD/ITE/IIT/11 (1999)