Экспроприация, национализация и гарантии прав собственности иностранного инвестора

Вестник федерального бюджетного учреждения "Государственная регистрационная палата при Министерстве юстиции Российской Федерации". 2011. № 6. С. 31–38.

Ksenofontov K.

In accordance with the international investment legislation, a state is entitled to implement expropriation and nationalization measures with respect to foreign investments within its territory on condition of guaranteed prompt, efficient and adequate compensation provision in favor of investors. The article notes that there is no clear description of the phenomenon of foreign investors' property alienation in the Russian or world practice. Consideration is given to the types of expropriation: direct, aimed at deprivation of property rights for investments by authorities; indirect, or "creeping" expropriation representing gradual divestiture; and measures that are equivalent to expropriation and inhibit receipts of investment benefits. It is underscored that in the process of investment evaluation it is necessary to take into consideration the degree of intervention in property rights, intentions of the government, and the impossibility to discharge adequate investors' expectations.

Keywords: инвестиции, арбитражный суд, национализация, компенсация, property rights, право собственности, investments, compensation, direct and indirect expropriation, "creeping" expropriation, nationalization, requisition, International Centre for Settlement of Investment Disputes (ICSID), North American Free Trade Association (NAFTA), Multilateral Investment Guarantee Agency (MIGA), tribunal of arbitration, lender, claimant, enforced divestiture, confiscation, measures equivalent to expropriation, bilateral investment agreement, прямая и непрямая экспроприация, «ползучая» экспроприация, реквизиция, МЦУИС, НАФТА, МИГА, кредитор, истец, принудительное изъятие, конфискация, меры, эквивалентные экспроприации, двустороннее инвестиционное соглашение