ABSTRACT

Investment law was not always about investor–state arbitration. Based on British and German archival materials from the Cold War, this paper shows how aims and priorities in the investment treaty regime changed over time. We find important differences in the role and relative importance of different legal rules then and now. Most notably, national treatment and free transfer clauses were key in early investment law, whereas fair and equitable treatment was regarded as relatively unimportant. At the same time, early drafters did anticipate some of the most contentious issues in modern investment law, including treaty shopping, shareholder protection, and the ‘no greater rights’ proviso.

中文翻译：

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仲裁前投资法

摘要

投资法并不总是与投资人与国家之间的仲裁有关。本文以冷战时期英国和德国的档案资料为基础，展示了投资条约制度的目标和重点随时间变化的情况。我们发现过去和现在不同法律规则在作用和相对重要性方面存在重要差异。最值得注意的是，国民待遇和自由转让条款是早期投资法中的关键，而公平和公正的待遇被认为相对不重要。同时，早期的起草者确实预见了现代投资法中一些最有争议的问题，包括条约买卖，股东保护和“无更大权利”的附带条件。