THE PRIVATE LAW CRITIQUE OF INTERNATIONAL INVESTMENT LAW

• 成果类型: Article
• 署名作者: Arato, Julian
• 刊物名称: AMERICAN JOURNAL OF INTERNATIONAL LAW
• ISSN/ISSBN: 0002-9300
• DOI: 10.1017/ajil.2018.96
• 发表日期: 2019
• 页码: 1-53
• 关键词: equitable treatment; contract theory; PROPERTY; standardization; ARBITRATION; REFORM; LIMITS; fair

摘要

This Article argues that investment treaties subtly constrain how nations organize their internal systems of private law, including laws of property, contracts, corporations, and intellectual property. Problematically, the treaties do so on a one-size-fits-all basis, disregarding the wide variation in values reflected in these domestic legal institutions. Investor-state dispute settlement exacerbates this tension, further distorting national private law arrangements. This hidden aspect of the system produces inefficiency, unfairness, and distributional inequities that have eluded the regime's critics and apologists alike.