Analysis of Legal Effects of Umbrella Clauses on Bilateral Foreign Investment Treaties
Publish place: International Journal of Advanced Studies in Humanities and Social Science، Vol: 6، Issue: 3
Publish Year: 1396
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_UPAEI-6-3_001
تاریخ نمایه سازی: 12 شهریور 1402
Abstract:
Umbrella clause sometimes referred to as being loyal to commitment, obligation consideration clause or good-will clause in contracts is a kind of clause present in many bilateral foreign investment treaties and Multi-lateral Energy Charter as well. Despite the fact that umbrella clauses contained in treaties are quite similar and alike, their exact expressions might be a bit different from a treaty to another bilateral foreign investment. This difference among expressions and vocabularies could be the root cause of their various interpretations. Umbrella clause is a legal means set by capital-exporting countries in bilateral investment treaties to support foreign investors and promote the violation from agreement provision to bilateral treaty provisions and consequently modify the source of trials.
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Authors
Kamal Ghobadi
Farabi campus of Tehran University, Iran
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