International investment law CLC 2TC

Lim, Jean Ho, Martins Paparinskis, International Investment Law and Arbitration: Commentary, Awards and other Materials 2 nd edition, Cambridge University Press, 2021.. Jeffery Commissio

HANOI LAW UNIVERSITY

FACULTY OF INTERNATIONAL TRADE AND BUSINESS LAW

APPROVAL OF PRINCIPAL

(FOR HLU INTERNAL USE ONLY)

HÀ NỘI - 2022 FACULTY OF INTERNATIONAL TRADE AND BUSINESS LAW

DETAILED OUTLINE

INTERNATIONAL INVESTMENT LAW

Program: Bachelor of Law (High Quality Training

Program)Course title: International Investment Law

2 Nguyen Ba

Binh

Assoc Prof

nguyenbabinh@hotmail.com 04.37731787

3 Nguyen Thi

Anh Tho

LL.M

nguyenanhtho0102@yahoo.com

04.37731787

4 Nguyen

Mai Linh

LL.M.mailinhnguyen110@gmail.com 04.37731787

5 Doan Thanh

Huyen

LL.M.amelia.doan@gmail.com 04.37731787

8 Nguyen Thi

Nhung

LL.M.pltmdpdtqt@gmail.com 04.37731787

9 Dinh Anh

Tuyet

LL.M.pltmdpdtqt@gmail.com 04.37731787

10 Nguyen

Huu Phu

LL.M.pltmdpdtqt@gmail.com 04.37731787

11 Vo Le Nam LL.M pltmdpdtqt@gmail.com 04.37731787

1.2 Assistants

N

o

1 Le Dinh Quyet LL.M pltmdpdtqt@gmail.co

m

04.37731787

2 Do Thu Huong

LL.M pltmdpdtqt@gmail.co

m

04.37731787

Office of Department of Multilateral Trade and International Investment Law

Room A1401, Building A, Hanoi Law University

No 87, Nguyen Chi Thanh Street, Dong Da, Ha Noi

Working hours: 8h00 – 17h00 everyday (except for Saturday, Sunday, andholidays)

2 PREREQUISITE COURSES

- Basic Legal English (CLC.ĐB09)

- Public International Law (CLC.CB20)

- International Trade and Business Law (CLC.CB23)

3 SUMMARY OF THE COURSE

International investment law has been emerging as a distinct and dynamicfield of international law The course on International Investment Lawprovides the basic knowledge of the legal system governing investmentliberalization, investment protection, the institutional, economic andpolitical influence on international investment This course aims tointroduce students to the standards of treatment of foreign investments andresolution of foreign investment disputes The main topics in the courseinclude:

1) Overview of International Investment and International Investment Law 2) Fundamental Principles of International Investment Law

3) Viet Nam and International Investment Law

4 CONTENTS OF THE COURSE

Issue 1 Overview of International Investment and International Investment Law

1.1 Globalization and International Investment

1.2 Historical Development of International Investment Law

1.3 Defining the Scope of Investment Treaties

1.4 Sources of International Investment Law

Issue 2 Fundamental Principles of International Investment Law

2.1 Most Favoured Nation (MFN)

2.2 National Treatment (NT)

2.3 Fair and Equitable Treatment (FET)

2.4 Full Protection and Security (FPS)

2.5 Protection against Unlawful Expropriation (Takings)

2.6 Investor-State Dispute Settlement (ISDS)

2.7 Umbrella Clause and Other Principles of Investment Protection2.8 Exceptions to the Principles of International Investment Law

Issue 3 Viet Nam and International Investment Law

3.1 International Commitments of Vietnam Regarding Investment

3.2 Vietnamese Law Regulating International Investment Relations

3.3 Vietnam’s Investor-State Dispute Settlement (ISDS)

5 OUTPUT STANDARDS OF THE COURSE AND MAPPING WITH THE OUTPUT STANDARDS OF THE TRAINING PROGRAM

5.1 The Course Learning Outcomes (CLOs)

This course aims at introducing students to the core principles ofinternational investment law and investment dispute settlement mechanism.Students are encouraged to reflect on the economic activity of foreigndirect investment in its political and social context Upon completion of thecourse, students will be able to:

 Knowledge

K1 Understand the historical context, sources and fundamental principles

of international investment law;

K2 Understand and interpret the international investment law texts,especially investment treaties and investment disputes;

K3 Understand the investor-state dispute settlement mechanism (ISDS)and international investment arbitration in particular;

K4 Understand the policies and legal framework in Vietnam regulatinginternational investment relations;

K5 Apply the substantive and procedural principles of internationalinvestment law to explain the specific situations in relationships betweenforeign investors and host states;

K6 Apply legal English in the field of international investment law

a research paper;

S11 Develop arguments and critical thinking to solve practical situations ininternational investment law

 Self-control ability and self-responsibility

T12 Be confident, willing to acquire new knowledge and open to differentviewpoints in the field;

T13 Develop a sense of honesty, striving for progress and protection ofjustice;

T14 Develop a sense of respect and compliance with the law;

T15 Develop professional working ethics

5.2 The matrix demonstrating the compatibility of the CLOs with the TPLOs

LOs of the

training program

The Skill LOs of the training

program

The ability LOs of the training program

K8 K13 K16 S17 S18 S25 S26 S27 S28 S30 S31 T32 T33 T34

1A2 Presenting

the historicaldevelopment ofinternationalinvestment law

1A3 Listing

1B1 Analysing the

reasons thatinvestment treatieshave come to play

a dominant role ininvestment

1B3 Analysing the

concept of political

1C1 Giving

comments onthe the waysinvestors canprotect theirrights in thehost countries

1C2 Givingcomments onthe sources ofinternationalinvestment law

in disputesettlement

internationalinvestment law.

1A4 Listing

different aspects

in the scope ofinvestmenttreaties

1A5 Listingcustomaryinternational lawgoverningforeigninvestmentrelationships

risk insurance as

an alternative or asupplement totreaty protection

settlement

1B4 Analysing the

scope of aparticular

investment treaty

in terms of coveredinvestor andcovered

investment

1C3 Givingcomments onthe currentfeatures oftreaty practiceand arbitralpractice ininternationalinvestment law

principle

2A2 Identifying

the components

of the nationaltreatment (NT)principle

2A3 Identifying

the elements of

equitabletreatment (FET)principle

2B2 Analysing the

interpretations of

NT by investmenttribunals

2B3 Analysing the

relationship

internationalminimum standard

of treatment andFET

2B4 Analysing the

interpretation ofFET in investmentdisputes

2C1 Assessing

the importance

of the likecircumstancerequirement andrelevance ofWTO

jurisprudence

2C2 Givingcomments onthe impact of

equitabletreatmentprinciple oninvestmentliberalization

2C3.

Comparing the

Distinguishing

unlawful, directand indirectexpropriation

2B7.

Distinguishing thesole-effect doctrineand police power

determination ofindirect

expropriation

2B8 Analysing the

advantages anddisadvantages ofinvestor-statearbitration

2B9 Analysing the

advantages anddisadvantages ofdiplomatic

protection

2B10 Analysing

criticisms againstISDS

equitabletreatmentstandard with

protection andsecurity

standard

2C4 Givingcomments onrecent

developmentsand limitations

of investmentarbitration

2C5 Assessing

thejurisprudenceapproaches tointerpretation ofumbrella

clauses

2C6 Assessing

the role ofexceptions inprotectingregulatoryspace of hoststates

2C7.

Evaluating thepros and cons

of an appellatereview

mechanism ininvestment

3A2 Presenting the Vietnamese

legal systemregulatinginternationalinvestmentrelations

3A3 Presenting

the coordinationprocess of ISDS

internationalinvestmentrelations

3B3 Analysing the

major differencesbetween traditionaland new generationinvestment treaties

of Vietnam

3C1 Givingcomments onthe Vietnam’scommitments inrecent

investmenttreaties orinvestmentchapters of freetrade

agreements(CPTPP andEVIPA)

3C2 Giving

comments onthe practice ofVietnam’sISDS

3C3 Givingcomments on

investor-statedisputesettlementmechanism inEVIPA

6.2 Total learning objectives

8.1 Compulsory materials

Hanoi Law University, Textbook on International Investment Law, Youth

Publishing House, Hanoi, 2017 (This Bilingual Textbook was publishedwithin the framework of the EU-MUTRAP Project and can be downloaded

at http://pltmqt.hlu.edu.vn/SubNews/Details/17088 )

8.2 Recommended Materials

* Books

1 Andrew Newcombe, LLuis Paradell, Law and Practice of Investment

Treaties: Standards of Treatment, Kluwer Law International, 2009.

2 August Reinisch, Advanced Introduction to International Investment

Law, Edward Elgar Publishing, 2020.

3 C L Lim, Jean Ho, Martins Paparinskis, International Investment Law

and Arbitration: Commentary, Awards and other Materials (2 nd edition),

Cambridge University Press, 2021

4 Jean Ho, State Responsibility for Breaches of Investment Contracts,

Cambridge University Press, 2018

5 Jeffery Commission and Rahim Moloo, Procedural Issues in

International Investment Arbitration, Oxford University Press, 2018.

6 Johanne M Cox, Expropriation in Investment Treaty Arbitration,

Oxford University Press, 2019

7 Jurgen Kurtz, The WTO and International Investment Law: Converging

Systems, Cambridge University Press, 2016.

8 M Sornarajah, The International Law on Foreign Investment,

Cambridge University Press, Third Edition, 2010

9 Marie-Claire Cordonier Segger, Markus W Gehring, Andrew

Newcombe, Sustainable Development in World Investment Law, Kluwer

Law International, 2011

10 Mavluda Sattorova, The Impact of Investment Treaty Law on Host

States: Enabling Good Governance, Hart Publishing, 2018.

11 Peter Muchlinski, Federico Ortino, and Christoph Schreuer, The Oxford

Handbook of International Investment Law, Oxford University Press, 2008

12 Peter Muchlinski, Multinational Enterprises and the Law (Third

Edition), Oxford University Press, 2019.

13 Surya P Subedi, International Investment Law - Reconciling Policy

and Principle, Hart Publishing, Third Edition, 2020.

14 Thomas Cottier and Krista Nadakavukaren Schefer, Elgar Encyclopedia

of International Economic Law, Edward Elgar Publishing, 2017.

15 Wongkaew Teerawat, Protection of Legitimate Expectations in

Investment Treaty Arbitration, Cambridge University Press, 2019.

16 Yannick Radi, Rules and Practices of International Investment Law and

Arbitration, Cambridge University Press, 2020.

* Legal texts and reports

1 The ICSID Convention 1965

2 The New York Convention 1958

3 The ASEAN Comprehensive Investment Agreement (ACIA) 2009

4 The North American Free Trade Agreement (NAFTA) 1994.

5 The European Union – Vietnam Investment Protection Agreement(EVIPA) 2019

6 The Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) 2018

7 The Vienna Convention on the Law of Treaties (VCLT) 1969

8 International Law Commission Draft Articles on Responsibility of Statesfor Internationally Wrongful Acts 2001

9 2012 US Model Bilateral Investment Treaty,

https://2009-2017.state.gov/documents/organization/188371.pdf

10 Decision No 14/2020/QD-TTg dated 08 April 2020 on Promulgation

of Regulation on Coordination in Resolution of International InvestmentDisputes

11 WTO, Report of the Working Party on the Accession of Viet Nam and

https://shop.un.org/series/unctad-series-issues-international-investment-14 UNCTAD, Investment Policy Review: Vietnam, 2008,

https://unctad.org/en/pages/PublicationArchive.aspx?publicationid=521

15 OECD, OECD Investment Policy Reviews: Vietnam 2018,

Review-Viet-Nam-2018.pdf

https://aanzfta.asean.org/uploads/2018/12/OECD-Investment-Policy-16 OECD, OECD Investment Policy Reviews: Southeast Asia, 2018,

https://www.oecd.org/daf/inv/investment-policy/Southeast-Asia-Investment-Policy-Review-2019.pdf

17 World Bank, 2019 Investment Policy and Regulatory Review –

Vietnam,

https://openknowledge.worldbank.org/bitstream/handle/10986/33598/Vietnam-2019-Investment-Policy-and-Regulatory-Review.pdf?

sequence=1&isAllowed=y

18 ASEAN Secretariat, ASEAN Comprehensive Investment Agreement

(ACIA) – A Guidebook for Businesses and Investors, 2013,

http://aadcp2.org/asean-comprehensive-investment-agreement-a-guidebook-for-businesses-and-investors/

19 APEC, Handbook on Obligations in International Investment

Agreements, 2020, on-Obligations-in-International-Investment-Treaties

https://www.apec.org/Publications/2020/09/Handbook-20 US Department of States, 2021 Investment Climate Statements:

Vietnam, statements/vietnam/

https://www.state.gov/reports/2021-investment-climate-21 Other International Investment Agreements and Investor-State Disputes

LectureSeminar Group Self- Assessment

- Scope of InvesmentTreaties

* Reading:

- The Course Outline

- Hanoi Law University,

Textbook on International Investment Law, Youth

Publishing House, Hanoi,

- Reading the materials and cases cited in textbook

Tutoring - Content: To give professional advice on the methods of studying;

tutoring on searching and reading references; other questions related to the course.

- Time: From 10:20 to 11:50 Monday every week

- Venue: Faculty of International Trade and Business Law, Room A1401.

+ National Treatment (NT)

- Reading:

+ Hanoi Law University,

Textbook on International Investment Law, Youth

Publishing House, Hanoi,

2017, Chapter Two and

Most Reading Textbook andlecture notes

- Questions given bylecturer

- Discussion of the lecturecontent

- Reading the materialsand cases

- Outlining the discussioncontents

- Reviewing the lecture notes

Self

study 1 + The application of MFNand NT Principles in

investment dispute practices(cases)

+ Umbrella Clause and Other Principles of International

- Reading the materials and cases cited in textbook

Investment Law

Tutoring

- Content: To give professional advice on the methods of studying; tutoring on searching and reading references; other questions related to the course.

- Time: From 10:20 to 11:50 Monday every week

- Venue: Faculty of International Trade and Business Law, Room A1401.

Lecture 2

Fundamental Principles ofInternational Investment Law+ Fair and EquitableTreatment (FET) and FullProtection and Security (FPS)

+ Protection against Unlawful Expropriation

- Reading:

+ Hanoi Law University,

Textbook on International Investment Law, Youth Publishing

House, Hanoi, 2017,

Chapter Four and Five.

Seminar

1 1 Discussion about FET and FPS

- Reading Textbook andlecture notes

- Questions given bylecturer

- Discussion of the lecturecontent

- Reading the materialsand cases

- Outlining the discussioncontents

- Reviewing the lecture notes

Self

study 1 + Interpretation of FET, FPSand expropriation in

investment dispute settlement(cases)

+ Exceptions to the Principles

of International Investment

- Reading the materials and cases cited in textbook