Shareholders' claims for reflective loss in international investment law [electronic resource] / Lukas Vanhonnaeker.
In recent years, investor-state tribunals have often permitted shareholders' claims for reflective loss despite the well-established principle of no reflective loss applied consistently in domestic regimes and in other fields of international law. Investment tribunals have justified their decis...
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| Online Access: |
Full Text (via Cambridge) |
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| Main Author: | |
| Other title: | Cambridge Core online. |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge :
Cambridge University Press,
2020.
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| Series: | Cambridge international trade and economic law.
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| Subjects: |
| Summary: | In recent years, investor-state tribunals have often permitted shareholders' claims for reflective loss despite the well-established principle of no reflective loss applied consistently in domestic regimes and in other fields of international law. Investment tribunals have justified their decisions by relying on definitions of 'investment' in investment agreements that often include 'shares', while the no-reflective-loss principle is generally justified on the basis of policy considerations pertaining to the preservation of the efficiency of the adjudicatory process and to the protection of other stakeholders, such as creditors. Although these policy considerations militating for the prohibition of shareholders' claims for reflective loss also apply in investor-state arbitration, they are curable in that context and must be balanced with policy considerations specific to the field of international investment law that weigh in favor of such claims: the protection of foreign investors in order to promote trade and investment liberalization. |
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| Item Description: | Title from publisher's bibliographic system (viewed on 13 Jul 2020) |
| Physical Description: | 1 online resource : digital, PDF file(s) |
| ISBN: | 9781108784023 (ebook) |
| DOI: | 10.1017/9781108784023 |