1st Edition
International Investment Dispute Awards Facilitating Enforcement
0.1 AKNOWLEDGEMENTS
0.2 TABLE OF CASES
0.3 TABLE OF LEGISLATION
1. INTRODUCTION
1.1. General background
1.2. Central research questions
1.3. Originality and significance of the book
1.4. Structure of the book
2. CHAPTER 1: OBSTACLES IN ENFORCEMENT OF ICSID AWARDS
2.1. Introduction
2.2. The Enforceability of the ICSID Awards
2.2.1. Characteristics of the ICSID Awards
2.2.1.1. Final and Binding
2.2.1.2. Additional facility
2.2.1.3. No precedent
2.2.1.4. Post-award remedies
2.3. Enforcement obstacles
2.3.1. Stay of enforcement
2.3.2. Sovereign immunity
2.3.2.1. Jurisdictional Immunity
2.3.2.2. Immunity against Execution
- LETCO v Liberia Case (in the U.S.A.)
- AIG Capital Partners, Inc. v Republic of Kazakhstan Case (in the UK)
- Sedelmayer v. Russian Federation Case
2.4. Conclusion
3. CHAPTER 2- OBSTACLES IN ENFORCEMENT OF NON-ICSID AWARDS
3.1.Introduction: Enforceability of Non-ICSID Awards (The New York Convention)
3.2. Benefits of the NYC
3.3. Drawbacks of the NYC
3.3.1. Public Policy
3.3.1.1. International public policy
3.3.1.2. National public policy
3.4. The ICSID and Non-ICSID Awards: Enforceability in Different Jurisdictions
3.5. Conclusion
4. CHAPTER 3: POTENTIAL ENFORCEMENT OBSTACLES IN A FUTURE
MULTILATERAL INVESTMENT COURT (MIC)
4.1. Introduction
4.2. MIC Enforcement Mechanism
4.2.1.The ICSID Convention
4.2.2. New York Convention
4.2.3. Creation of a New International Convention
4.3. Potential Risk for Enforcement of MIC Awards in Third States
4.3.1.As a alternative approach: Fund system of the MIC
4.4. Evaluating the Significance of the MIC in Practice
4.5. Conclusion
5. CHAPTER 4: THE PRACTICAL REMEDIES TO REDUCE THE EXECUTION ISSUES IN INVESTMENT DISPUTE SETTLEMENT SYSTEM
5.1. Introduction
5.2. The General Progress of Enforcement of an International Arbitral Award
5.2.1. The Republic of Turkey
5.3. Previous Practical Proposals to Reduce the Enforcement Issues
5.3.1. Creating a Uniform State Sovereignty Law
5.3.1.1. State’s Consent to Waive Immunity from Execution in Their Agreement
5.3.1.2. Enter Into Force of the United Nations Convention on Jurisdictional Immunities of States and Their Property (the UNCSI)
5.3.2. Activating the World Bank
5.3.3. Refusal the Next ICSID Application of Non-Complaint States or Investors
(New Proposal)
5.3.4. Proposal to reform the ICSID rules
5.3.5. Securing Compliance ICSID Awards with Countermeasures under the Law of State Responsibility
5.3.6. Securing Compliance ICSID Awards with VCLT Article 60.Termination or
Suspension of the Operation of a Treaty as a Consequence of Its Breach
5.3.7. Securing Compliance from Losing Investors
5.4. Conclusion
6. Chapter 5: CONCLUSION
6.1 Answering the Central Research Questions
6.2. Further Research
7. LIST OF ABBREVIATIONS
8. INDEX
Biography
Dr Esra Yıldız Üstün is a lecturer at Atatürk University, Turkey. She is a registered lawyer in the Istanbul Bar Association, holds professional memberships in the fields of international investment arbitration, commercial arbitration and ADR (Alternative Dispute Resolution) and maintains associations with Young ICSID, LCIA, ISTAC and ICC. Esra consults on enforcement of international arbitral awards. She an active contributor to the Turkish Law Blog and Jus Mundi (Wiki Notes).
