Colombia’s 2017 Model Bit: Breaking the mould?

ABSTRACT: This article aims to highlight Colombia’s contribution to the debate on reforming the International Investment Regime (IIR), with its 2017 Model Bilateral Investment Treaty (BIT). It will give some background on Colombia’s investment policy and its 2017 Model. It will then explore Colombia...

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Autores:
Lorenzoni Escobar, Lina
Vásquez Arango, Carolina María
Cristancho Escobar, Felipe Andrés
Tipo de recurso:
Work document
Fecha de publicación:
2021
Institución:
Universidad de Antioquia
Repositorio:
Repositorio UdeA
Idioma:
eng
OAI Identifier:
oai:bibliotecadigital.udea.edu.co:10495/23239
Acceso en línea:
http://hdl.handle.net/10495/23239
Palabra clave:
Colombia
Colombia
Model Bilateral Investment Treaty (BIT)
International Investment Regime (IIR)
http://vocabularies.unesco.org/thesaurus/concept771
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/2.5/co/
Description
Summary:ABSTRACT: This article aims to highlight Colombia’s contribution to the debate on reforming the International Investment Regime (IIR), with its 2017 Model Bilateral Investment Treaty (BIT). It will give some background on Colombia’s investment policy and its 2017 Model. It will then explore Colombia’s Model through: clarification of the language of BIT provisions, increased State Party rights in Investor State Dispute Settlement Procedures, the State’s right to regulate, and investor responsibilities. With Host State regulatory prerogatives and human rights at the core, Colombia puts forward an alternative regional proposal to the IIR reform.