Право, применимое к вопросам экспроприации иностранных инвестиций, в практике Международного центра по урегулированию инвестиционных споров

Международное право и международные организации. 2014. № 3. С. 421–428.

Ksenofontov K.

The disputes regarding forceful seizure of property of a foreign investor serves as bases for many claims  in the ICSID, and they form a signifi cant share among the existing disputes arising from the international investment  relations. When dealing with these issues the international arbitration inevitable face the questions of applicable  material law. The Washington Convention on the Settlement of Investment Disputes Between States and Nationals  of Other States provides relevant norms, however, in spite of clarity of their formulation, the practice of ICSID  involves various issues regarding applicable law. The said article involves analysis of the value of the provisions  of the Washington Convention in the applicable law, singling out the main confl ict of laws ties and specifi cally  stressing the defi ning role of autonomy of will of the parties. The article provides a detailed analysis of the topical  issue regarding correlation between the international law and national legislation as sources of material law  regulating the issues of regulation of investments. Based upon the analysis of the normative basis and doctrine the  author draws a conclusion on the priority of the national legal system of the state, where the investment of capital  takes place, as law applicable to the investment expropriation, stressing special role of international legal norms.

Keywords: иностранные инвестиции, национализация, защита инвестиций, применимое право, коллизионные нормы, МЦУИС, экспроприация, международный инвестиционный арбитраж