Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases

Investment Agreements are instruments used by states to attract foreign ventures within their borders and obtain favourable treatment to local investors in counterpart nations. States usually compromise a certain degree of sovereignty in this kind of agreements through the inclusion of legal stabili...

Full description

Autores:
Guinard Hernández, David Mauricio
Tipo de recurso:
Article of journal
Fecha de publicación:
2018
Institución:
Universidad Externado de Colombia
Repositorio:
Biblioteca Digital Universidad Externado de Colombia
Idioma:
spa
OAI Identifier:
oai:bdigital.uexternado.edu.co:001/8164
Acceso en línea:
https://bdigital.uexternado.edu.co/handle/001/8164
https://doi.org/10.18601/01236458.n47.05
Palabra clave:
International investment agreements
Indirect expropriation
Legitimate exercise of regulatory powers
Foreign investors property rights
Pharmaceutical ip rights
Public health
Consolidated mining
Rights
openAccess
License
http://purl.org/coar/access_right/c_abf2
id uexternad2_89aca0409acf1ab5f1fc6d00cda37d94
oai_identifier_str oai:bdigital.uexternado.edu.co:001/8164
network_acronym_str uexternad2
network_name_str Biblioteca Digital Universidad Externado de Colombia
repository_id_str
dc.title.spa.fl_str_mv Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
dc.title.translated.eng.fl_str_mv Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
title Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
spellingShingle Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
International investment agreements
Indirect expropriation
Legitimate exercise of regulatory powers
Foreign investors property rights
Pharmaceutical ip rights
Public health
Consolidated mining
title_short Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
title_full Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
title_fullStr Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
title_full_unstemmed Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
title_sort Discussing the tension between states’ right to regulate and foreign investment protection in recent Colombian cases
dc.creator.fl_str_mv Guinard Hernández, David Mauricio
dc.contributor.author.spa.fl_str_mv Guinard Hernández, David Mauricio
dc.subject.spa.fl_str_mv International investment agreements
Indirect expropriation
Legitimate exercise of regulatory powers
Foreign investors property rights
Pharmaceutical ip rights
Public health
Consolidated mining
topic International investment agreements
Indirect expropriation
Legitimate exercise of regulatory powers
Foreign investors property rights
Pharmaceutical ip rights
Public health
Consolidated mining
description Investment Agreements are instruments used by states to attract foreign ventures within their borders and obtain favourable treatment to local investors in counterpart nations. States usually compromise a certain degree of sovereignty in this kind of agreements through the inclusion of legal stability agreements, stabilisation clauses, compensation for expropriation, and fair & equitable treatment provisions. Within the context of this kind of agreements, the legitimate exercise of regulatory powers by states enters in conflict with the protection of foreign investors property rights when it comes to sensitive areas that have a high impact in the public interest, politics and public perception (such as human rights, health, safety, labour standards and the environment). Based on the discussion of two recent paramount cases that involve regulatory actions of the Colombian state and property rights of foreign investors (pharmaceutical ip rights vs public health interests in the first case, consolidated mining titles vs environmental protection in the second case), we identify and criticize the difficulties of defining if a governmental regulatory action is legitimate and non-compensable or if it is subject to compensation as an indirect expropriation, and the high dependence of this matter on the interpretation of arbitral tribunals.
publishDate 2018
dc.date.accessioned.none.fl_str_mv 2018-02-16 00:00:00
2022-09-08T13:44:58Z
dc.date.available.none.fl_str_mv 2018-02-16 00:00:00
2022-09-08T13:44:58Z
dc.date.issued.none.fl_str_mv 2018-02-16
dc.type.spa.fl_str_mv Artículo de revista
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6501
http://purl.org/coar/resource_type/c_6501
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.content.spa.fl_str_mv Text
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
dc.type.local.eng.fl_str_mv Journal article
dc.type.redcol.spa.fl_str_mv http://purl.org/redcol/resource_type/ARTREF
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
format http://purl.org/coar/resource_type/c_6501
status_str publishedVersion
dc.identifier.doi.none.fl_str_mv 10.18601/01236458.n47.05
dc.identifier.eissn.none.fl_str_mv 2346-2078
dc.identifier.issn.none.fl_str_mv 0123-6458
dc.identifier.uri.none.fl_str_mv https://bdigital.uexternado.edu.co/handle/001/8164
dc.identifier.url.none.fl_str_mv https://doi.org/10.18601/01236458.n47.05
identifier_str_mv 10.18601/01236458.n47.05
2346-2078
0123-6458
url https://bdigital.uexternado.edu.co/handle/001/8164
https://doi.org/10.18601/01236458.n47.05
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.bitstream.none.fl_str_mv https://revistas.uexternado.edu.co/index.php/contexto/article/download/5248/6364
dc.relation.citationedition.spa.fl_str_mv Núm. 47 , Año 2017
dc.relation.citationendpage.none.fl_str_mv 119
dc.relation.citationissue.spa.fl_str_mv 47
dc.relation.citationstartpage.none.fl_str_mv 89
dc.relation.ispartofjournal.spa.fl_str_mv Con-texto
dc.relation.references.spa.fl_str_mv Books
Grosse Ruse-Kahn, Henning, Protection of intellectual property in international law (Oxford: Oxford University Press, 2016).
Harms, Phillip, International Investment Political Risk and Growth (New York: Springer, 2000).
Titi, Aikaterini, The right to regulate in international investment law (Baden-Baden: Nomos, 2014).
Treves, Tullio, Francesco Seatzu, and Seline Trevisanut (eds.), Foreign investment international law and common concerns (Abingdon, Oxon: Routledge, 2014).
Yannaca-Small, Katia, Arbitration under international investment agreements: a guide to key issues (Oxford: oup, 2010).
Journal Articles
Howell, Lewellyn and Brad Chaddick, ‘Models of Political Risk for Foreign Investment and Trade An Assessment of Three Approaches’ (1994) 29 Columbia Journal of World Business 70.
Wagner, J. Martin, ‘International Investment, Expropriation and Environmental Protection’ (1999) 29 Golden Gate U. L. Rev., 465.
International Agreements
Agreement on Trade-Related Aspects of Intellectual Property Rights (trips), Annex 1C of the World Trade Agreement (Marrakesh, 15 April 1994, 1869 unts 299).
Free Trade Agreement between the Republic of Colombia and The efta States. Canada-Colombia Free Trade Agreement.
Reports
Klaus Schwab and Xavier Sala-i-Martín, ‘The Global Competitiveness Report 2016-2017’ (Report, World Economic Forum, 2016).
PricewaterhouseCoopers, Pharma 2020: Challenging business models Which path will you take? (Report, PricewaterhouseCoopers, 2009).
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.uri.spa.fl_str_mv https://creativecommons.org/licenses/by-nc-sa/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Departamento de Derecho Económico
dc.source.spa.fl_str_mv https://revistas.uexternado.edu.co/index.php/contexto/article/view/5248
institution Universidad Externado de Colombia
bitstream.url.fl_str_mv https://bdigital.uexternado.edu.co/bitstreams/2c613c82-92ad-4ee8-9b8f-d61124728b08/download
bitstream.checksum.fl_str_mv 9e0ac124aba4aed9eb4a3cec69166925
bitstream.checksumAlgorithm.fl_str_mv MD5
repository.name.fl_str_mv Universidad Externado de Colombia
repository.mail.fl_str_mv metabiblioteca@metabiblioteca.org
_version_ 1814100435906068480
spelling Guinard Hernández, David Mauriciob2743b6f-cb9c-431d-8a79-32c00bb1045f2018-02-16 00:00:002022-09-08T13:44:58Z2018-02-16 00:00:002022-09-08T13:44:58Z2018-02-16Investment Agreements are instruments used by states to attract foreign ventures within their borders and obtain favourable treatment to local investors in counterpart nations. States usually compromise a certain degree of sovereignty in this kind of agreements through the inclusion of legal stability agreements, stabilisation clauses, compensation for expropriation, and fair & equitable treatment provisions. Within the context of this kind of agreements, the legitimate exercise of regulatory powers by states enters in conflict with the protection of foreign investors property rights when it comes to sensitive areas that have a high impact in the public interest, politics and public perception (such as human rights, health, safety, labour standards and the environment). Based on the discussion of two recent paramount cases that involve regulatory actions of the Colombian state and property rights of foreign investors (pharmaceutical ip rights vs public health interests in the first case, consolidated mining titles vs environmental protection in the second case), we identify and criticize the difficulties of defining if a governmental regulatory action is legitimate and non-compensable or if it is subject to compensation as an indirect expropriation, and the high dependence of this matter on the interpretation of arbitral tribunals.application/pdf10.18601/01236458.n47.052346-20780123-6458https://bdigital.uexternado.edu.co/handle/001/8164https://doi.org/10.18601/01236458.n47.05spaDepartamento de Derecho Económicohttps://revistas.uexternado.edu.co/index.php/contexto/article/download/5248/6364Núm. 47 , Año 20171194789Con-textoBooksGrosse Ruse-Kahn, Henning, Protection of intellectual property in international law (Oxford: Oxford University Press, 2016).Harms, Phillip, International Investment Political Risk and Growth (New York: Springer, 2000).Titi, Aikaterini, The right to regulate in international investment law (Baden-Baden: Nomos, 2014).Treves, Tullio, Francesco Seatzu, and Seline Trevisanut (eds.), Foreign investment international law and common concerns (Abingdon, Oxon: Routledge, 2014).Yannaca-Small, Katia, Arbitration under international investment agreements: a guide to key issues (Oxford: oup, 2010).Journal ArticlesHowell, Lewellyn and Brad Chaddick, ‘Models of Political Risk for Foreign Investment and Trade An Assessment of Three Approaches’ (1994) 29 Columbia Journal of World Business 70.Wagner, J. Martin, ‘International Investment, Expropriation and Environmental Protection’ (1999) 29 Golden Gate U. L. Rev., 465.International AgreementsAgreement on Trade-Related Aspects of Intellectual Property Rights (trips), Annex 1C of the World Trade Agreement (Marrakesh, 15 April 1994, 1869 unts 299).Free Trade Agreement between the Republic of Colombia and The efta States. Canada-Colombia Free Trade Agreement.ReportsKlaus Schwab and Xavier Sala-i-Martín, ‘The Global Competitiveness Report 2016-2017’ (Report, World Economic Forum, 2016).PricewaterhouseCoopers, Pharma 2020: Challenging business models Which path will you take? (Report, PricewaterhouseCoopers, 2009).info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2https://creativecommons.org/licenses/by-nc-sa/4.0/https://revistas.uexternado.edu.co/index.php/contexto/article/view/5248International investment agreementsIndirect expropriationLegitimate exercise of regulatory powersForeign investors property rightsPharmaceutical ip rightsPublic healthConsolidated miningDiscussing the tension between states’ right to regulate and foreign investment protection in recent Colombian casesDiscussing the tension between states’ right to regulate and foreign investment protection in recent Colombian casesArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTREFinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2624https://bdigital.uexternado.edu.co/bitstreams/2c613c82-92ad-4ee8-9b8f-d61124728b08/download9e0ac124aba4aed9eb4a3cec69166925MD51001/8164oai:bdigital.uexternado.edu.co:001/81642023-08-14 15:16:58.4https://creativecommons.org/licenses/by-nc-sa/4.0/https://bdigital.uexternado.edu.coUniversidad Externado de Colombiametabiblioteca@metabiblioteca.org

Publicaciones similares