20
May
The Only Thing We Have to Fear About Judicial Expropriation is the Fear of It
[Martin Jarrett is a Senior Research Fellow at the Max Planck Institute for Comparative Public Law and International Law.] In a recently published arbitral award coming from an investor-state arbitration, the arbitral tribunal made a rare confession: it was uncomfortable with its decision finding that the state was not internationally responsible for its conduct. The case was Krederi v. Ukraine. Although the statement...