Reference : Problematizing Abaclat’s Mass Claims Investment Arbitration Using Domestic Class Actions
Scientific journals : Article
Law, criminology & political science : European & international law
Law / European Law
Problematizing Abaclat’s Mass Claims Investment Arbitration Using Domestic Class Actions
Radović, Relja mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Law Research Unit >]
McGill Journal of Dispute Resolution
4 (2017-2018)
[en] mass claims arbitration ; class arbitration ; investor-state dispute settlement
[en] The 2011 decision on jurisdiction and admissibility in Abaclat and Others v Argentina has started a discussion about mass claims processes in investment treaty arbitration. The tribunal concluded that although proceedings were initiated in aggregate, the continuance of the case contained a representative feature. This determination led them to declare that the applicable procedure could and had to be adapted. Today, the legacy of Abaclat and the availability of mass claims procedural devices in investment treaty arbitration remain questionable: can mass claims investment arbitration be qualified as ‘class-like’? If so, does it satisfy the fundamental principles of arbitration (particularly the principle of consent)? This article takes a comparative approach to answering these questions by putting mass claims investment arbitration procedures and United States class actions processes side-by-side. It argues that mass claims arbitration as construed in Abaclat cannot satisfy fundamental arbitration principles because it fails to observe the inextricable link between the parties’ consent, representative procedure, and representative relief. It is therefore wrong to view mass claims arbitration as an available device for investors in investment treaty arbitration.
Fonds National de la Recherche - FnR
FnR ; FNR9128105 > Relja Radovic > DEMCON > Demystifying Consent: Examining The Role Of State Consent To Arbitration In The Light Of New Developments In International Investment Arbitration > 01/06/2015 > 31/05/2018 > 2014

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