Syllabus: Investor-State Arbitration Certificate Program

Module 1: Introduction
1
. Introduction to International Investment Law and Dispute Settlement: Overview. Types of Investment. Definitions. Historical Context.
2. Investment Treaties: Introduction to International Investment. Types of Investment. Definition of Investment. Investment Treaties. Investor Rights.
3. ICSID Convention: History, Purpose, and Characteristics. ICSID: Consent to Arbitration. Benefiting from the ICSID Convention. Qualifying for ICSID Jurisdiction: Ratione Personae, Ratione Materiae, Ratione Temporis. ICSID’s Additional Facility.

Module 2: The International Centre for Settlement of Investment Disputes. The Centre: Composition and Functions
1
. The Arbitral Tribunal: Constitution, Powers and Functions of the Arbitral Tribunal
2. The Arbitral Procedure: Overview
3. Other Special Features: Applicable Law; Non-Disputing Parties; Transparency; Language of the Procedure; Diplomatic Protection; Exhaustion of Local Remedies; and Expeditious Procedure under ICSID Arbitration Rule 41(5)

Module 3: Jurisdictional and Admissibility Requirements of Investment Arbitration
1
. Jurisdiction ratione temporis: Cooling-Off Periods and Other Preconditions to Arbitration
2. Jurisdiction ratione personae: The Notion of “Investor” and “Contracting State”
3. Jurisdiction ratione materiae: The Notion of “Investment”
4. Jurisdiction ratione voluntatis: The Cornerstone of the Jurisdiction of the Centre

Module 4. Interim Measures of Protection
1
. Overview
2. Provisional Measures under ICSID Rules vs. UNCITRAL Rules
3. Emergency arbitrator procedure 

Module 5. Fair and Equitable Treatment (“FET”) and Full Protection and Security (FPS)
1
. Fair and Equitable Treatment: Origins and Current Status
2. Full Protection and Security: Origins and Current Status

Module 6. Expropriation, Non-Discrimination, National Treatment, and MFN Protections
1
. Expropriation: Definition, Elements, and Evolution of Arbitral Practice
2. The Principle of Non-Discrimination in BITs
3. National Treatment
4. Most-Favored-Nation Treatment

Module 7. Damages and Valuation in Investment Arbitration
1
. Overview
2. Basic Valuation Concepts and Methods
3. Legal Principles Governing Assessment of Damages 
4. Limitations on Compensation
5. Interest
6. Costs

Module 8. Annulment and Enforcement of Investment Arbitration Awards Remedies and Enforceability under the ICSID Convention: Features and Standard
1. The Legal Framework under the UNCITRAL Arbitration Rules and the New York Convention of 1958: Annulment and Enforcement of Foreign Arbitral Awards before Municipal Courts
2. Annulment and Enforcement under the ICSID Convention
3. State Immunity and Other Defenses against Enforcement

Back to courses