Restoring the balance in bilateral investment treaties: incorporating human rights clauses

Bilateral Investment Treaties are agreements made in order to promote foreign investment in a specific country. Although foreign investment is a positive force to promote development, in some cases the interests of foreign investors can collide with the human rights of those living in the host count...

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Autor principal: Segrera Ayala, Yira
Formato: Artículo
Idioma:Inglés
Publicado: Universidad del Norte: Ediciones Uninorte 2009
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Acceso en línea:https://dialnet.unirioja.es/servlet/oaiart?codigo=3648033
Fuente:Revista de derecho: División de Ciencias Jurídicas de la Universidad del Norte, ISSN 0121-8697, Nº. 32, 200923 pags.
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Sumario: Bilateral Investment Treaties are agreements made in order to promote foreign investment in a specific country. Although foreign investment is a positive force to promote development, in some cases the interests of foreign investors can collide with the human rights of those living in the host country. It is in these cases that the state needs to justify the measures it takes based on its human rights obligations in order not to be found responsible for breaching its obligations under an investment treaty. This paper examines the consequences of the prospect of human rights norms being included into bilateral investment treaties, as well as the possibility of investment tribunals accepting human rights arguments of non-investment law issues when there are no direct references to human rights law in the investment treaty, in order to demonstrate that investment treaties must include explicit human rights provisions to protect the capacity of states to take appropriate measures based on its human rights obligations.