vahid bazzar
Abstract
The unmeritorious claims, which in addition to wasting time and money, delaying reparation, is one of the challenges that arbitration tribunals have always faced. For the first time, rule 41 (5) of the ICSID arbitration rules in 2006 made it possible to, at the request of parties to the dispute, the ...
Read More
The unmeritorious claims, which in addition to wasting time and money, delaying reparation, is one of the challenges that arbitration tribunals have always faced. For the first time, rule 41 (5) of the ICSID arbitration rules in 2006 made it possible to, at the request of parties to the dispute, the arbitral tribunal dismisses a claim is manifestly without legal merit before the start of the proceedings. The mechanism, which has since been accepted in some arbitration rules and some investment arbitration awards, has specific features, requirements, and legal consequences. Thus, the request, which may be related to jurisdictional or substantive nature, must be filed within a short time after filing the application and the reasons must also be given. Also, this proceeding is urgent and the arbitral tribunal must decide after hearing the parties of the dispute's arguments and defenses. This mechanism is very important, as the decision of the tribunal in acceptance of the request is subject to res judicata. This mechanism is very important, as the decision of the tribunal in acceptance of the request is subject to res judicata.
Mehdi Piri Damgh; Mohammad Hossein Erfanmanesh; Seyed Mohammad Tabatabaei Nejad
Abstract
In cases regarding investment, the first duty of an arbitrator is to consider whether the action by a State hosting property of a foreign investor, is in breach of its international agreement-based obligations or not. The duties of the host state are usually broad in wording which makes it difficult ...
Read More
In cases regarding investment, the first duty of an arbitrator is to consider whether the action by a State hosting property of a foreign investor, is in breach of its international agreement-based obligations or not. The duties of the host state are usually broad in wording which makes it difficult for arbitrators to investigate and settle such cases. In this line, the approach that is taken to assess a breach of state's obligation with regards to the protection of foreign investors to a great extent is similar with the methods employed in other legal cases. The aim of this article is to examine and analyze the effectiveness of such methods in order to test their applicability in international investment arbitration. Since the measures taken by host state are considered as the administration of its sovereignty against a foreign investor and the decision of the international investment arbitration, this article concludes that the legal regime for international investment arbitration calls for particular elements that brings about a distinct regulating regime as well as the application of special standards of review.
