PIL.OT / DEVELOPMENT
International Investment Law and the Host State’s Power to Handle Economic Crises – Comment on the ICSID Decision in LG&E v. Argentina
Development summary
The article examines the ICSID merits decision in LG&E Energy Corp. v. Argentina in the context of claims concerning Argentina’s emergency legislation enacted during the 2001–2002 economic crisis, and compares it with CMS v. Argentina.
Open original publication International Investment Law and the Host State’s Power to Handle Economic Crises – <i>Comment on the ICSID Decision in LG&E V. Argentina </I>
Research note
Issue
Application of the necessity defence to emergency economic-crisis measures in investment treaty arbitration, including the burden of proof for its limiting elements and the exclusion of compensation for the investor’s material loss.
Concepts
Academic details
“International Investment Law and the Host State’s Power to Handle Economic Crises – Comment on the ICSID Decision in LG&E v. Argentina”
Journal of International Arbitration · 2007
DOI 10.54648/joia2007019
Show suggested citation
Stephan W. Schill, “International Investment Law and the Host State’s Power to Handle Economic Crises – Comment on the ICSID Decision in LG&E v. Argentina”, Journal of International Arbitration, 2007-06-01, 10.54648/joia2007019. https://doi.org/10.54648/joia2007019
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