COMPENSATION UNDER INTERNATIONAL INVESTMENT TREATY, REGULATIONS OF MONGOLIA
Эрдэм шинжилгээний нийтлэл, өгүүлэл
One of the most significant issue in international investment law is a legal framework on investment dispute damages and compensation regarding to the expropriation. Investment treaties allow covered foreign investors to bring claims that a host state has breached the treaty to international arbitration. If the arbitral tribunal concludes that the host state has breached the treaty, it will order the host state to compensate the investor. Arbitral jurisprudence on compensation has developed over the past two decades, driven by the rapid growth of investment treaty arbitration. In other areas where arbitral jurisprudence has evolved in unexpected direction--for example, in the case of expansive interpretations of fair and equitable treatment provision--states have responded by reconsidering the drafting and inclusion of such provisions in their treaties. However, the issue of compensation has not received the same attention. Because arbitral jurisprudence on compensation can be technical, an impression seems to have developed that questions of compensation are best left to arbitrators.
The purpose of this study is to define grounds for claiming compensation, clarify compensation types related to the expropriation in international investment law, compare modern trends of regulations related to compensation, calculation method of compensation, study cases related to Mongolia, find a solution to the challenging issues in international investment law compensation.
compensation, mongolia, investment, international treaty, laws and regulations, protection of investment, expropriation, confiscation, nationalization, legal framework, cases related mongolia, challenging issues