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Environmental human rights issues on international investment arbitration and economic development: perspectives and legal approach

Author

Listed:
  • Amaya Muñoz, Wilson Enrique
  • Barón Ortegón, Brayan Alexander
  • Páramo Herrera, Isis Catalina
  • Martínez Castellanos, Antonio José

Abstract

English Abstract: This article explores the relationship between International Investment Arbitration and the international standards of Human Rights, including the ones related to the environment. We found that there is an opposition when applying the Human Rights to the International Investment Regimen. We argue that there are sufficient law foundations to make the investor, and specifically the corporations they own, responsible for their violations of other international standards, even though they are not expressly named in investments treaties. But, there is a problem reflected in the lack of enforceability of the International Human Rights Law in the International Investment Regimen. Spanish Abstract: Este artículo explora la relación entre el Arbitraje Internacional de Inversión y las normas internacionales de Derechos Humanos, incluyendo por tanto las relacionadas con el ambiente. Se encontró que existe una oposición para aplicar los Derechos Humanos en el Régimen Internacional de Inversiones. Consideramos que existen suficientes fundamentos de derecho para que el inversor, y específicamente las empresas que poseen, sea responsable de sus violaciones de los demás estándares internacionales, aunque no estén expresamente en los tratados de inversión. Sin embargo, hay un problema de falta de aplicabilidad de la legislación internacional de derechos humanos en el régimen internacional de inversiones.

Suggested Citation

  • Amaya Muñoz, Wilson Enrique & Barón Ortegón, Brayan Alexander & Páramo Herrera, Isis Catalina & Martínez Castellanos, Antonio José, 2015. "Environmental human rights issues on international investment arbitration and economic development: perspectives and legal approach," MPRA Paper 74912, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74912
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    References listed on IDEAS

    as
    1. Bohoslavsky, Juan Pablo & Justo, Juan Bautista, 2011. "Protección del derecho humano al agua y arbitrajes de inversión," Documentos de Proyectos 3839, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Basu, Kaushik & Van, Pham Hoang, 1998. "The Economics of Child Labor," American Economic Review, American Economic Association, vol. 88(3), pages 412-427, June.
    3. Kathryn Gordon & Joachim Pohl & Marie Bouchard, 2014. "Investment Treaty Law, Sustainable Development and Responsible Business Conduct: A Fact Finding Survey," OECD Working Papers on International Investment 2014/1, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international arbitration; international investment; human rights; environment; investment protection; development economics; arbitraje internacional; inversión internacional; derechos humanos; ambiente; protección de la inversión; economía del desarrollo;
    All these keywords.

    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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