2007
DOI: 10.1163/187197407x192923
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ICSID Arbitration and the Importance of Public Accountability of a Private Judicature – A Roman Law Perspective

Abstract: Th is article explores the problems of public accountability in current investment law practice. Th ese problems arise from the private interpretation of international investment treaty and customary law in arbitration. It analyses these problems through the historical lens of Roman law and the Roman law tradition in international law. It suggests a Praetorian system of international accountability and explores the remarkable similarities between current investment arbitration and classical Roman civil procedu… Show more

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Cited by 4 publications
(3 citation statements)
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(13 reference statements)
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“…Although the Multilateral Agreement on Investment was never finally adopted (Werksman and Santoro 1999), approximately 3000 bilateral investment treaties and multilateral investment treaties (e.g., ICSID 1965, NAFTA Secretariat 1992) govern international water-related contracts. These agreements do not always further the interests of developing countries (Sornarajah 2006) or the environment and may lack accountability (Sourgens 2007). The question is whether these trends are a positive development in line with the shift from government to governance, or whether this calls on us to revisit the question of if a more centralized water governance system is needed, especially given the lack of legitimacy and accountability of many of these processes.…”
Section: The Politics Of Gwgmentioning
confidence: 99%
“…Although the Multilateral Agreement on Investment was never finally adopted (Werksman and Santoro 1999), approximately 3000 bilateral investment treaties and multilateral investment treaties (e.g., ICSID 1965, NAFTA Secretariat 1992) govern international water-related contracts. These agreements do not always further the interests of developing countries (Sornarajah 2006) or the environment and may lack accountability (Sourgens 2007). The question is whether these trends are a positive development in line with the shift from government to governance, or whether this calls on us to revisit the question of if a more centralized water governance system is needed, especially given the lack of legitimacy and accountability of many of these processes.…”
Section: The Politics Of Gwgmentioning
confidence: 99%
“…At the international level, the term 'global governance' is often used to describe processes of modern world politics, although also here no consensus on the appropriate definition has been reached (Young 1999;Commission on Global Governance 1995;Rosenau 1995;Kanie and Haas 2004;Biermann and Pattberg 2008). The concept of governance is mirrored in legal science, where scholars observe an evolution from an international law based on explicit state consent to an administrative law system with merely implicit state consent (e.g., Kingsbury et al 2005;Krisch 2006;Brunnée 2002) and from single to pluralist sites and actors of governance (Krisch 2006) and to multilevel systems of governance and complex hybrid public-private international law systems (Sornarajah 2006;Sourgens 2007). Importantly, from the local to international levels, the concept of governance is not confined to states and governments as sole actors, but is marked by participation of myriad public and private non-state actors at all levels of decision-making, ranging from networks of experts, environmentalists and multinational corporations to new agencies set up by governments, such as intergovernmental bureaucracies.…”
Section: Conceptualizing Earth System Governancementioning
confidence: 99%
“…61 Northern experts critique the lack of public accountability of private adjudication. 62 While in the past mining was seen as primarily a private activity, the environmental consequences of such activities have made it very much a public issue. While water has always been seen as an important State responsibility, and while theorists have argued that such responsibility could easily be shifted to the private sector, this works only when social and environmental aspects of water management can be safeguarded by the State.…”
Section: Inferencesmentioning
confidence: 99%