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Legal Terms - fair and equitable treatment
The majority of investment treaties require the host state to treat foreign investors fairly and equitably. Case law has established that the FET standard encompasses the provision of normal and nondiscriminatory business conduct to prevent the disruption of the foreign investor's activities without good reason (Continental Casualty Company v Argentina, ICSID Case No. ARB/03/9 (2008)). In the event that a more specific standard is not violated, the clause may be invoked as a blanket provision (PSEG Global v Turkey ICSID Case No ARB/02/5 (2007)).
The majority of investment treaties require the host state to treat foreign investors fairly and equitably. Case law has established that the FET standard encompasses the provision of normal and nondiscriminatory business conduct to prevent the disruption of the foreign investor's activities without good reason (Continental Casualty Company v Argentina, ICSID Case No. ARB/03/9 (2008)). In the event that a more specific standard is not violated, the clause may be invoked as a blanket provision (PSEG Global v Turkey ICSID Case No ARB/02/5 (2007)).
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