Public Law Researsh

Interaction Between International and Domestic Law in Purpose of Determining Shareholders’ Rights in International Investment Disputes

Document Type : Research Paper

Authors

Elham Amidimehr 1
Seyed Jamal Seifi 2

1 Ph.D. Student, Public International Law, Faculty of Divinity, Political Science and Law, Science and Research Branch Islamic Azad University, Tehran, Iran

2 Associate Professor, Department of International Law, Faculty of Law, Shahid Beheshti University, Tehran, Iran

https://doi.org/10.22054/qjpl.2021.53228.2440
Abstract
International investment law protects shareholders’ rights through treaty-based arrangements. That is to say, a great number of bilateral investment treaties (BITs) identify shares as one of the types of protected investment as ICSID arbitral tribunals have recognized in several cases. Despite that, it should be considered that these Bilateral Investment Treaties do not, however, define shareholder or share and typically do not state whether shareholders must own a majority of the shares or control a company's administration to qualify for treaty protection. the absence of a general international law definition of shares or shareholders leads to the need to refer to such concepts as they are generally accepted by municipal legal systems and determine shareholders’ rights and obligations by way of renvoi to municipal rules. this process must preserve the integrity of the concept. tribunals and courts cannot modify or deform these concepts. This study examines the manner of interaction between municipal and international law in the field of shareholders' direct and indirect claims.

Keywords

International Investment
Shares
Shareholder
International Law
Domestic Law

  • کتاب‌‌ها

    • شهبازی‌نیا، مرتضی؛ حل و فصل اختلافات ناشی از سرمایه‌گذاری خارجی (تهران: مؤسسه‌ مطالعات و پژوهش‌های بازرگانی، ‌1386).
    • عکاش، احمد؛ سرمایه‌های خارجی، آزادی اقتصادی، تجربه الجزایر، ترجمه‌ مسعود محمد (تهران: دفتر مطالعات سیاسی، بین‌الملل، 1369).
    • محبی، محسن؛ دیوان داوری ایران – ایالات متحده آمریکا: ساختار، ماهیت، عملکرد (تهران: فردافر، 1382‌).

    مقاله‌ها

    • بروشه، آرون، «قانون حاکم و اجرای احکام در داوری‌های موضوع کنوانسیون حل و فصل اختلافات ناشی از سرمایه‌گذاری بین دولت‌ها و اتباع دول دیگر»، ترجمه محسن محبی، مجله حقوقی، شماره 10، (1368).
    • مجتهدی، محمدرضا، «درآمدی بر حقوق حل و فصل اختلافات سرمایه‌گذاری بین‌المللی بر مبنای کنوانسیون داوری ایکسید»، نشریه فقه و حقوق اسلامی، شماره 3، (1390).
    • محبی، محسن، ‌«رژیم قانون حاکم دیوان داوری ایران- ایالات متحده در دعاوی نفتی و تأثیر آن در روند داوری بین‌المللی»، مجله تحقیقات حقوقی، شماره‌های 17 و 28، (1378).
    • میرعباسی، سیدباقر و حمیدرضا سیاوش‌پور، «حمایت دیپلماتیک در چارچوب معاهدات بین‌المللی سرمایه‌گذاری»، فصلنامه‌ مطالعات حقوق عمومی، دوره‌ 49، شماره‌ 4‌، (1398).
    • هنجنی، سیدعلی و ابوالفضل استادزاده، «مفهوم سرمایه‌گذاری خارجی در قوانین داخلی، معاهدات بین‌المللی سرمایه‌گذاری و آرای دادگاه‌های داوری بین‌المللی»، تحقیقات حقوقی، دوره 20، شماره 3، (1396).

    References

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    • Balas, V., Review of Awards in Oxford Handbook of International Investment Law (Oxford: Oxford University Press, 2008).
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    Articles

    • Alexandrov, Stanimir, “The Baby Boom of Treaty-Based Arbitrations and the Jurisdiction of ICSID Tribunals: Shareholders as “Investors” and Jurisdiction Ratione Temporis”, The Law and Practice of International Courts and Tribunals, Vol. 4, (2005).
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    Documents

    • Abs-Shawcross Draft Convention, 1959.
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    • ILC ‘Draft Articles on Diplomatic Protection with Commentaries’ (ILC Draft on Diplomatic Protection), in Report of the International Law Commission on the Work of Its Fifty-Eight Session, Ch. IV, UNDoc A/61/10, 1 May– 9 Jun.; 3 Jul.–11 Aug. 2006.
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    • Treaty of Friendship, Commerce and Navigation Between the United States of America and the Italian Republic, 1948.
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    Cases

    • Alex Genin, Eastern Credit Limited, Inc. et A.S. Baltoil v. République d'Estonie, Final Award, 25 Jun. 2001, ICSID Reports 6, 2004.
    • American Manufacturing & Trading, Inc. v. Democratic Republic of the Congo, Final Award, 21 Feb. 1997, ICSID Reports 5, 2002.
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    • Compañiá de Aguas del Aconquija-Vivendi (‘Vivendi’), Decision on Annulment of 3 Jul. 2002, ILM 41, 2002.
    • Continental Casualty Company v. The Argentine Republic, ICSID Case No. ARB/03/9, Decision on Jurisdiction, 22 Feb. 2006.
    • Diallo (Republic of Guinea v. Democratic Republic of the Congo), ICJ, Preliminary Objections 24 May 2007.
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    • Foremost-McKesson HBOC Inc. & Others v. Iran, Award No. 220-37/231-1, 10 Iran-US Cl. Trib. Rep. 228, 1986.
Public Law Researsh
Volume 23, Issue 72
Summer 2021
Pages 127-164

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