State Consent Offer in CIADI Arbitration Proceeding

Main Article Content

Yaritza Pérez Pacheco

Abstract

he main feature of arbitration is its conventional nature. The parties, acting according to their free will make free decisions to comply with this alternative mechanism for solving controversies. The Washington Agreement acknowledges that CIADI jurisdiction is grounded on an arbitration commitment of contractual nature closed between the State and a foreign investor. However, the dynamic indicates that these arbitration clauses can be included in an investment treaty and even in internal regulation of the receiving State, and a consent 'offer' can be constituted by the receiving State, only waiting for future acceptance of the investor for relevant execution. Innumerable difficulties have arisen in arbitral practice at the time of checking existence of the consent granted by the State in advance through a treaty or an internal law. Today, unilateral offer of investment included in internal regulations and investment agreements is a protective warranty for foreign investments.

Downloads

Download data is not yet available.

Article Details

Section

Artículos resultado de investigación

Author Biography

Yaritza Pérez Pacheco, Central University of Venezuela

Abogada, Universidad Central de Venezuela (UCV), Magister Scienciarum en Derecho Internacional Privado y Comparado, UCV, Doctora en Derecho, UNAM, Directora de la Escuela de Derecho de la Facultad de Ciencias Jurídicas y Políticas, UCV investigadora-docente, Sección de Derecho Internacional Privado y Comparado del Instituto de Derecho Privado, UCV. Profesora de pre y postgrado. Universidad Central de Venezuela, Ciudad Universitaria de Caracas, Instituto de Derecho Privado, Facultad de Ciencias Jurídicas y Políticas.  Correo electrónico: yaritzap@yahoo.com

How to Cite

Pérez Pacheco, Y. (2011). State Consent Offer in CIADI Arbitration Proceeding. Ciencias Sociales Y Educación, 2(3), 33-63. https://revistas.udem.edu.co/index.php/Ciencias_Sociales/article/view/802

References