Assignment of Indirect Expropriation of Foreign Investor's Property to the Government in the Light of International Arbitrations Procedure

Document Type : Original Article from Result of Thesis

Authors

1 PhD Student of International Law, Isfahan (Khorasgan) Branch of Islamic Azad University, Isfahan, Iran.

2 Associate Professor, Department of International Law, University of Isfahan, Isfahan. Iran.

3 Associate Professor, of International Law , Isfahan (Khorasgan) Branch of Islamic Azad University, Isfahan, Iran.

Abstract

Indirect expropriation is one of the most important issues, controversial and disputable in foreign investment law. One of the major challenges of expropriation is assignment act or omission to expropriation the government, which is in an aura of ambiguity. Fundamental question of the article is what act or omission lead to indirect expropriation of property? If the investor is deprived of capital in investments in the form of contracts will expropriation be realized? The present study, by applying analytical and descriptive methods and using library sources, has concluded that previously, the severity and weakness of the investor's basic deprivation of property rights and the amount of the host government's main benefit have been accompanied by various interpretations and arbitrary judgments which has not considered any deprivation and benefits fundamental and necessary; But today, in case of conflict between the interests of the host government and the investor, this is slowly but decisively spinning towards investments with a new approach in a way that recognizes the government as the absolute ruler consider this right as a starting point in investments. On the other hand, any deprivation is not attributable to the government. But expropriation is inherently a government act. The purpose of the research is the creation of domestic and international responsibility of governments and coordination between government and institutions. To achieve this goal, the distinction between investment through check the treaty and the contract in expropriation. The role of investment bodies and institutions, as well as environmental organizations, in expropriation is examined, and efforts are made to prevent the emergence of domestic and international responsibility of governments and to establish coordination between the government and government institutions.

Keywords

Main Subjects

References

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International Studies Journal (ISJ)
Volume 18, Issue 2 - Serial Number 70
October 2021
Pages 143-162

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