S. Ali Hosseiniazad; Pouria Askari,
Abstract
Abstract
As a traditional approach in the international investment law transparency has always been defined as an obligation of host states in order to create more protection for foreign investors. This aspect of transparency has been recognized in international investment law as a rule. Currently ...
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Abstract
As a traditional approach in the international investment law transparency has always been defined as an obligation of host states in order to create more protection for foreign investors. This aspect of transparency has been recognized in international investment law as a rule. Currently and alongside with advancement of some discourses such as fight against corruption, human rights, good governance, CSR and corporate governance, a new trend has been formed in international investment law according to which the foreign investors are also under an obligation to remain transparent.
This article with a focus on the background of this shift will analyze the details of this new obligation for the foreign investors. The article relying on a descriptive–analytical approach will provide an in-depth study of both the content of legal instruments including the recently signed BITs as well as the case-law of the investment tribunals to indicate that how the transparency as a global obligation is reflected in theory and practice of international investment law.
The studies finally show that world community is going toward recognizing and strengthening wide variety of obligations, inter alia, transparency for foreign investors.
