Most-Favoured-Nation Treatment in International Investment Law: Ascertaining the Limits Through Interpretative Principles

(2015) Amsterdam Law Forum, Volume 7(1): 3-24

22 Pages Posted: 18 Aug 2015

See all articles by Thulasidhass PR

Thulasidhass PR

Faculty of Law, University of Delhi

Date Written: 2015

Abstract

Recent developments in investor-state arbitration portrays most-favoured-nation (MFN) standard as a limitless provision to attract third party treaties. There is no jurisprudence constante as to its nature and scope under international investment law. Textual differences of the clause in investment treaties are often used as a justification for its varied interpretation by ad hoc arbitral tribunals. On that account, this article identifies specific interpretative techniques — like res inter alias acta, ejusdem generis, questioning presumptive approaches, recognising relative autonomy of treaty components, and balancing conceptual evolution over textual interpretation — to ascertain the limits of MFN standard under international investment law and to regulate the interpretative discretion of investment tribunals.

Keywords: International Law, Foreign Investment, MFN Clause, Interpretative Principles

Suggested Citation

PR, Thulasidhass, Most-Favoured-Nation Treatment in International Investment Law: Ascertaining the Limits Through Interpretative Principles (2015). (2015) Amsterdam Law Forum, Volume 7(1): 3-24, Available at SSRN: https://ssrn.com/abstract=2644706

Thulasidhass PR (Contact Author)

Faculty of Law, University of Delhi ( email )

New Delhi, Delhi 110007
India

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