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Emergency Economic Intervention and the Rights of Foreign Investors: US-Argentina Practice

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  • Antonio Pastor Palomar

    (Associate Professor of Public International Law, Facultad de Ciencias Jurídicas y Sociales, Campus de Vicálvaro, University Rey Juan Carlos, Po de los Artilleros s/n, Madrid, 28032, Spain. Email: antonio.pastor@urjc.es; Phone: 00-34-91-4887882.)

Abstract

The article highlights salient issues relating to contemporary investment arbitration, a now distinct category of international economic law. Recent arbitral awards that bear on US foreign investment in Argentina give international lawyers a chance to tackle important economic subject matters underlying international law. The problem of undertaking emergency economic measures vis-à -vis US companies was raised by several ICSID tribunals. Inevitably, these tribunals had to look at general international law, namely the existence and limits of necessity – invoked by Argentina in time of public emergency – to ascertain a correct interpretation of the 1991 US-Argentina bilateral investment treaty.

Suggested Citation

  • Antonio Pastor Palomar, 2009. "Emergency Economic Intervention and the Rights of Foreign Investors: US-Argentina Practice," Journal of Interdisciplinary Economics, , vol. 20(1-2), pages 169-191, January.
    • Handle: RePEc:sae:jinter:v:20:y:2009:i:1-2:p:169-191
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