Environmental human rights issues on international investment arbitration and economic development: perspectives and legal approach

Wilson Enrique Amaya Muñoz, Brayan Alexander Barón Ortegón, Isis Catalina Páramo Herrera and Antonio José Martínez Castellanos

MPRA Paper from University Library of Munich, Germany

Abstract: English Abstract: This article explores the relationship between International Investment Arbitration and the international standards of Human Rights, including the ones related to the environment. We found that there is an opposition when applying the Human Rights to the International Investment Regimen. We argue that there are sufficient law foundations to make the investor, and specifically the corporations they own, responsible for their violations of other international standards, even though they are not expressly named in investments treaties. But, there is a problem reflected in the lack of enforceability of the International Human Rights Law in the International Investment Regimen. Spanish Abstract: Este artículo explora la relación entre el Arbitraje Internacional de Inversión y las normas internacionales de Derechos Humanos, incluyendo por tanto las relacionadas con el ambiente. Se encontró que existe una oposición para aplicar los Derechos Humanos en el Régimen Internacional de Inversiones. Consideramos que existen suficientes fundamentos de derecho para que el inversor, y específicamente las empresas que poseen, sea responsable de sus violaciones de los demás estándares internacionales, aunque no estén expresamente en los tratados de inversión. Sin embargo, hay un problema de falta de aplicabilidad de la legislación internacional de derechos humanos en el régimen internacional de inversiones.

Keywords: international arbitration; international investment; human rights; environment; investment protection; development economics; arbitraje internacional; inversión internacional; derechos humanos; ambiente; protección de la inversión; economía del desarrollo (search for similar items in EconPapers)
JEL-codes: K00 K20 K22 K32 (search for similar items in EconPapers)
Date: 2015-12
New Economics Papers: this item is included in nep-env and nep-law
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