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Expropriation

  • Arnaud de Nanteuil
Chapter
Part of the Studies in European Economic Law and Regulation book series (SEELR, volume 15)

Abstract

The drafters of the CETA expropriation provision seem to have learnt lessons from the past. Expropriation in investment law has indeed been a controversial provision, accused of creating a regulatory chill for host States. Article 8.12 then includes many precisions on aspects that were not well-settled in case law. Even it is a classical expropriation clause in some respect, it also introduces several innovations, such as: a precise list of the criteria that should be taken into account by adjudicators to identify an indirect expropriation; an implicit reference to the proportionality test; several precise rules about compensation. It also prevents conflicts of norms with intellectual property (IP) rules by excluding some IP State measures from the field of expropriation. On the whole, it can be said that this provision shows a great deference vis-à-vis States’ right to regulate and should not render possible any international responsibility of the Parties on the ground of expropriation for legitimate regulation measures. It then participates to a general evolution of international investment law towards a better consideration for States legitimate interests.

Keywords

Expropriation Police power Legitimate expectations Compensation Right to regulate Indirect expropriation 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Université Paris Est Créteil (Paris 12), Faculté de droitParisFrance

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