Measuring gross disproportion in environmental precaution to establish regulatory expropriation and quantum of compensation in international investment arbitration
Measuring gross disproportion in environmental precaution to establish regulatory expropriation and quantum of compensation in international investment arbitration
复制标题
衡量环境预防措施中的严重失衡，以确定国际投资仲裁中的监管征用和赔偿数额
DOI：
10.1007/s10657-014-9433-4
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发表时间：
2014
影响因子：
1.3
通讯作者：
Collins D
中科院分区：
文献类型：
--
作者：
Collins D
本文将一种新的环境风险防范费用评估方法应用于国际投资仲裁裁决过程中。投资仲裁庭可以采用不成比例因素模型，以评估东道国强加的对外国投资活动有破坏性影响的环境法规的合理性，例如将成为间接或监管没收索赔的标的。在这种情况下，不成比例系数模式可以帮助说明东道国的措施是否不合理，从这个意义上讲，应当使投资者根据国际法有权获得赔偿。它还作为一种客观指南，参照经理性决策者评估的法规旨在实现的相对于其成本的环境效益，为受损害的投资者确定适当的赔偿额。因此，该公式应被视为国际投资法庭进行司法分析的有用工具。
This article applies a new methodology for the assessment of environmental risk prevention expenditure to the adjudication process of international investment arbitration. The Disproportion Factor Model can be implemented by investment arbitration tribunals to evaluate the reasonableness of environmental regulations imposed by host states that have a damaging impact upon foreign investment activity, such as would be the subject for a claim of indirect or regulatory expropriation. In this setting the Disproportion Factor Model can help illustrate whether a host state measure is unreasonable and in that sense should engage the investor’s entitlement to compensation under international law. It also acts as an objective guide to the setting of an appropriate quantum of compensation for the injured investor by reference to the environmental benefits that the regulation aimed to achieve relative to their costs, as evaluated by a rational decision-maker. The formula should be consequently viewed as a useful tool in judicial analysis by international investment tribunals.