Role of Domestic Courts in the Settlement of Investor-State Disputes (eBook)

This book addresses the interactions between the domestic courts and the international investment arbitral tribunals, one of the most pressing issues confronting both domestic legal systems and the international legal system. It deals with the core issues inherent in the above interactions, especially with regard to countries outside the ICSID system. It contrasts this narrative with the position under classical international investment law, where national courts are assigned a very specific and minimalistic role in the process of investment disputes settlement. For this purpose, the book chooses India, which follows the non-ICSID model, as the major point of focus and considers both domestic judicial decisions and investment arbitral decisions for critical analysis. The ICSID Convention grants limited powers to domestic courts to issue provisional measures and to enforce ICSID awards.

 As the central theme of the book lies at the intersection of domestic law and international law, the work is indispensable for any scholar working in the areas of general international law, international investment law, international economic law, law and economics, international dispute settlement, or international law in domestic courts, as well as domestic judges and international arbitrators. Further, as the subject matter has great implications for both domestic and global governance, it will benefit civil servants, opinion leaders, policy planners and subject experts in economics, the political economy and regional studies, to name a few.

Saravanan A is Assistant Professor at the Indian Institute of Management (IIM) Indore. He has previously taught at the Centre for Post Graduate Legal Studies, TERI School of Advanced Studies, New Delhi. Before joining TERI, he was Senior Research Fellow at the Rajiv Gandhi School of Intellectual Property Law, Indian Institute of Technology Kharagpur, where he completed his doctoral research on international investment law. He has also served as a Research Associate at the Symbiosis Law School, Pune, which selected him for its Best Researcher Award. He recently visited the Arbitration Academy, Paris, for research purposes. His broad area of research interests includes international investment law, intellectual property law, environmental law, and biotechnology and legal regulation. His work has been published in peer-reviewed journals, such as International Arbitration Law Review, International Journal of Private Law, BRICS Law Journal, Journal of Cleaner Production, and Biotechnology Law Report.

S. R. Subramanian is Assistant Professor at the Rajiv Gandhi School of Intellectual Property Law, Indian Institute of Technology (IIT) Kharagpur. He is a recipient of the Erasmus Mundus Scholarship awarded by the European Commission, Brussels. He obtained his law education at the Universities of Leipzig (Germany), Vienna (Austria), and the King's College, London (UK). He has previously worked at the West Bengal National University of Juridical Sciences, Kolkata, and the Hidayatullah National Law University, Raipur. He was also a Visiting Scholar at the University of Michigan Law School, USA. His areas of research interest are international law, international human rights law, and international investment law

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This book addresses the interactions between the domestic courts and the international investment arbitral tribunals, one of the most pressing issues confronting both domestic legal systems and the international legal system. It deals with the core issues inherent in the above interactions, especially with regard to countries outside the ICSID system. It contrasts this narrative with the position under classical international investment law, where national courts are assigned a very specific and minimalistic role in the process of investment disputes settlement. For this purpose, the book chooses India, which follows the non-ICSID model, as the major point of focus and considers both domestic judicial decisions and investment arbitral decisions for critical analysis. The ICSID Convention grants limited powers to domestic courts to issue provisional measures and to enforce ICSID awards. As the central theme of the book lies at the intersection of domestic law and international law, the work is indispensable for any scholar working in the areas of general international law, international investment law, international economic law, law and economics, international dispute settlement, or international law in domestic courts, as well as domestic judges and international arbitrators. Further, as the subject matter has great implications for both domestic and global governance, it will benefit civil servants, opinion leaders, policy planners and subject experts in economics, the political economy and regional studies, to name a few.Excerpt from the Foreword:"e;One of the great merits of this book is that...  It looks at bilateral investment treaties themselves to probe more deeply into the role of national courts in investment arbitration... This masterful book fills a major void as a resource in Indian international arbitration law. But is also the prototype of what any serious inquiry into the judicial role in investor-State arbitration in any jurisdiction should look like..."e;-          George A. Bermann, Walter Gellhorn Professor of Law and Jean Monnet Professor of European Union Law, Columbia Law School, USA