COVID-19 IN INVESTMENT ARBITRATION. A LEGAL ANSWER
Palabras clave:COVID-19, Arbitration, Investment Law, Case Law, Arbitral Tribunals, Police Power, Indirect Expropriation
During today’s situation of COVID-19, States take emergency measures which will be subject to investment arbitration claims sooner or later. The aim of this paper is to provide a possible solution to such cases where the State’s and the investor’s interests compete with each other. By analysing cases from the 21th century and applying my findings to hypothetical COVID-19 cases, a general answer on how to solve COVID-19 related investment disputes shall be given.
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Agreement between the Government of Cyprus and the Government of Greece for
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Table of Cases
Investment Arbitration Cases
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Chemtura Corporation v. The Government of Canada, UNCITRAL, Award, 2 August
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Philip Morris Brands Sàrl and ors v. Oriental Republic of Uruguay, ICSID Case No.
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Renee Rose Levy de Levi v. The Republic of Peru, ICSID Case No. ARB/10/17, Award,
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Quiborax S.A., Non Metallic Minerals S.A. and Allan Fosk Kaplún v. Plurinational
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Saluka Investments BV v. The Czech Republic, UNCITRAL, Partial Award, IIC 210
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S.D. Myers, Inc. v. Government of Canada, NAFTA/UNCITRAL, Partial Award, 11
Técnicas Medioambientales Tecmed S.A. v. United Mexican States, ICSID Case No.
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Waste Management, Inc. v. United Mexican States, ISCID, Case No ARB(AF)/00/3,
Final Award, 30 April 2004.
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James and others v. United Kingdom, ECtHR, Case No. 8793/ /79 (A/98), Judgment,
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Oscar Chinn affair (U.K. v. Belgium), P.C.I.L., Case No. 63, Judgment, 12 December
Pressos Compañía Naviera and Others v. Belgium, ECtHR, Case no. 17849/91, Judgment,