Most-Favoured-Nation Treatment in International Investment Law: Ascertaining the Limits through Interpretative Principles
Public International Law, IN
Research Scholar. B.A.L., LL.B. (University of Mysore), LL.M. (University of Madras), M.Phil. (Jawaharlal Nehru University), Ph.D. (Jawaharlal Nehru University)
Recent developments in investor-state arbitration portrays most-favoured-nation (MFN) standard as a limitless provision to attract third party treaties. There is no jurisprudence constante as to its nature and scope under international investment law. Textual differences of the clause in investment treaties are often used as a justification for its varied interpretation by ad hoc arbitral tribunals. On that account, this article identifies specific interpretative techniques—like res inter alias acta, ejusdem generis, questioning presumptive approaches, recognising relative autonomy of treaty components, and balancing conceptual evolution over textual interpretation—to ascertain the limits of MFN standard under international investment law and to regulate the interpretative discretion of investment tribunals.
How to Cite:
Thulasidhass, P., 2015. Most-Favoured-Nation Treatment in International Investment Law: Ascertaining the Limits through Interpretative Principles. Amsterdam Law Forum, 7(1), pp.3–24. DOI: http://doi.org/10.37974/ALF.272
01 Jun 2015.