ASEAN INVESTMENT DISPUTE SETTLEMENT MECHANISM THROUGH REGIONAL INVESTMENT COURT FRAMEWORK
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Published:
Jun 11, 2023
Keywords:
dispute settlement mechanism, investor state dispute settlement, regional investment court
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Abstract
In this paper, the authors provide an overview and comparison of the ASEAN dispute settlement mechanism (DSM) in the 2004 Protocol on EDSM and the ASEAN Comprehensive Investment Agreement (ACIA 2009) and review ASEAN's experience with investor-state dispute settlement (ISDS). The paper then examines the challenges and possibilities of restructuring ASEAN DSM through a Regional Investment Court. This includes discussing the potential benefits and drawbacks of such restructuring and its potential implications for regional integration. Finally, the paper offers some thoughts on possible future developments in this area, including the potential impact of a Regional Investment Court on the overall stability and effectiveness of the ASEAN DSM.
Article Details
How to Cite
Azaria, V., & Amalia, P. (2023). ASEAN INVESTMENT DISPUTE SETTLEMENT MECHANISM THROUGH REGIONAL INVESTMENT COURT FRAMEWORK. Jurnal Poros Hukum Padjadjaran, 4(2), 277-293. https://doi.org/10.23920/jphp.v4i2.1200
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Articles
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Books
Armstrong, S., & Drysdale, P. (2022). The Implications of the Regional Comprehensive Economic Partnership (RCEP) for Asian Regional Architecture. Regional Comprehensive Economic Partnership (RCEP): Implications, Challenges, and Future Growth of East Asia and ASEAN. Jakarta: Economic Research Institute for ASEAN and East Asia (ERIA).
ASEAN Secretariat. (2022). ASEAN Investment Report 2022 - Pandemic Recovery and Investment Facilitation. Jakarta: ASEAN Secretariat.
Chaisse, J., Choukroune, L. D., & Jusoh, S. (2021). Handbook of International Investment Law and Policy. Singapore: Springer.
Utz, C., et,al. (2021). Investment Treaty Arbitration in the Asia-Pacific. United Kingdom: The Asia-Pacific Arbitration Review
Journal
Aimsiranun, U. (2020). “Comparative study on the legal framework on general differentiated integration mechanisms in the European Union, APEC, and ASEAN.” ADBI Working Paper Series.
Anggriawan, R. (2020). “Insolvency Proceedings: ASEAN and EU Comparison on the Rules of Foreign Court Jurisdiction.” Indonesian Comparative Law Review, 3(1).
Calamita, N. J. (2017). The (in) compatibility of appellate mechanisms with existing instruments of the investment treaty regime. The Journal of World Investment & Trade, 18(4).
Calamita, N. J., & Giannakopoulos, C. (2022). “ASEAN and the Reform of Investor-State Dispute Settlement: Global Challenges and Regional Options”. Edward Elgar Publishing.
Calamita, N. J., & Sardinha, E. (2017). “The Bifurcation of Jurisdictional and Admissibility Objections in Investor-State Arbitration.” The Law & Practice of International Courts and Tribunals, 16(1).
Giroud, A., & Ivarsson, I. (2020). World Investment Report 2020: International production beyond the pandemic. Springer.
Heyl, K., et.al. (2021). “Free Trade, Environment, Agriculture, and Plurilateral Treaties: The Ambivalent Example of Mercosur, CETA, and the EU–Vietnam Free Trade Agreement.“ Sustainability, 13(6), 3153.
HSU, L. (2015). “Trade and investment dispute settlement mechanisms in ASEAN: The evolving landscape and major developments.” Singapore Management University.
Kabre, R. J., & Ziegler, A. R. (2021). “Private Counsel and the Proposed Reforms of Investor-State Dispute Settlement (ISDS). In Private Actors in International Investment Law”. Springer.
Kedgley Laidlaw, A., & Kang, S. (2018). “The Dispute Settlement Mechanisms in Major Multilateral Treaties.” NUS Centre for International Law Research Paper.
Liu, B. (2022). Reform Trend of Investor-State Dispute Settlement in International Investment. Asian Journal of Social Science Studies, 7(2).
Nikièma, H. S., & Maina, N. (2020). “The Risk of ISDS Claims Through National Investment Laws.” International Institute for Sustainable Development.
Nipawan, P. (2015). “The ASEAN way of investment protection: an assessment of the ASEAN comprehensive investment agreement.” University of Glasgow.
Nottage, L. R., & Thanitcul, S. (2016). “International Investment Arbitration in Southeast Asia: Guest Editorial.” Sydney Law School Research Paper.
Purwaningsih, S., & Widyorini, S. R. (2022). “National Investment Policy For The Implementation Of Asean Comprehensive Investment Agreement (ACIA).” International Journal of Educational Research & Social Sciences, 3(1).
Sengpunya, P. (2019). “ASEAN E-Commerce Legal Framework and Alignment of Lao PDR: A Review.” Lentera Hukum, 6(3).
Sim, E. W. (2020). “ASEAN Further Enhances Its Dispute Settlement Mechanism.“ Indonesia. J. Int’l & Comp. L.
Surbakti, S. P. (2021). “SUATU TINJAUAN TERHADAP KEKUATAN EKSEKUTORIAL DALAM PELAKSANAAN PUTUSAN ARBITRASE.” LEX PRIVATUM, 9(6).
Law and Regulation
the ASEAN Comprehensive Investment Agreement 2009 [“ACIA 2009”]
the ASEAN Protocol of Enhanced Dispute Settlement Mechanism 2004 [“EDSM 2004”].
the Regional Comprehensive Economic Partnership. [“RCEP”].
Other Resources
ASEAN Secretariat. (2023). Investing in ASEAN 2023. Available online from: https://asean.org/wp-content/uploads/2022/12/investment-report-2023.pdf. [Accessed January 16, 2023]
European Commission. (2017). a Multilateral Between Foreign Investors and States. European Commission, Available online from: https://trade.ec.europa.eu/doclib/docs/2017/september/tradoc_156042.pdf. [Accessed January 16, 2023]
Hallak, I. (2020). Multilateral Investment Court: Overview of the reform proposals and prospects. European Parliamentary Research Service, Available online from: https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/646147/EPRS_BRI(2020)646147_EN.pdf. [Accessed January 16, 2023]
The United Nations Conference on Trade and Development. (2022). Facts on Investor – State Arbitrations in 2021: With A Special Focus on Tax-Related ISDS Cases. In IIA Issues Note (Issue 1), Available online from: https://unctad.org/system/files/official-document/diaepcbinf2022d4_en.pdf. [Accessed January 16, 2023]
UNCITRAL. (2018). Report of Working Group III (Investor-State Dispute Settlement Reform) on the work of its thirty-fourth session. In UN General Assembly: Vol. A/CN.9/930 (Issue 1). https://doi.org/10.5363/tits.7.8_44. [Accessed January 16, 2023]
Armstrong, S., & Drysdale, P. (2022). The Implications of the Regional Comprehensive Economic Partnership (RCEP) for Asian Regional Architecture. Regional Comprehensive Economic Partnership (RCEP): Implications, Challenges, and Future Growth of East Asia and ASEAN. Jakarta: Economic Research Institute for ASEAN and East Asia (ERIA).
ASEAN Secretariat. (2022). ASEAN Investment Report 2022 - Pandemic Recovery and Investment Facilitation. Jakarta: ASEAN Secretariat.
Chaisse, J., Choukroune, L. D., & Jusoh, S. (2021). Handbook of International Investment Law and Policy. Singapore: Springer.
Utz, C., et,al. (2021). Investment Treaty Arbitration in the Asia-Pacific. United Kingdom: The Asia-Pacific Arbitration Review
Journal
Aimsiranun, U. (2020). “Comparative study on the legal framework on general differentiated integration mechanisms in the European Union, APEC, and ASEAN.” ADBI Working Paper Series.
Anggriawan, R. (2020). “Insolvency Proceedings: ASEAN and EU Comparison on the Rules of Foreign Court Jurisdiction.” Indonesian Comparative Law Review, 3(1).
Calamita, N. J. (2017). The (in) compatibility of appellate mechanisms with existing instruments of the investment treaty regime. The Journal of World Investment & Trade, 18(4).
Calamita, N. J., & Giannakopoulos, C. (2022). “ASEAN and the Reform of Investor-State Dispute Settlement: Global Challenges and Regional Options”. Edward Elgar Publishing.
Calamita, N. J., & Sardinha, E. (2017). “The Bifurcation of Jurisdictional and Admissibility Objections in Investor-State Arbitration.” The Law & Practice of International Courts and Tribunals, 16(1).
Giroud, A., & Ivarsson, I. (2020). World Investment Report 2020: International production beyond the pandemic. Springer.
Heyl, K., et.al. (2021). “Free Trade, Environment, Agriculture, and Plurilateral Treaties: The Ambivalent Example of Mercosur, CETA, and the EU–Vietnam Free Trade Agreement.“ Sustainability, 13(6), 3153.
HSU, L. (2015). “Trade and investment dispute settlement mechanisms in ASEAN: The evolving landscape and major developments.” Singapore Management University.
Kabre, R. J., & Ziegler, A. R. (2021). “Private Counsel and the Proposed Reforms of Investor-State Dispute Settlement (ISDS). In Private Actors in International Investment Law”. Springer.
Kedgley Laidlaw, A., & Kang, S. (2018). “The Dispute Settlement Mechanisms in Major Multilateral Treaties.” NUS Centre for International Law Research Paper.
Liu, B. (2022). Reform Trend of Investor-State Dispute Settlement in International Investment. Asian Journal of Social Science Studies, 7(2).
Nikièma, H. S., & Maina, N. (2020). “The Risk of ISDS Claims Through National Investment Laws.” International Institute for Sustainable Development.
Nipawan, P. (2015). “The ASEAN way of investment protection: an assessment of the ASEAN comprehensive investment agreement.” University of Glasgow.
Nottage, L. R., & Thanitcul, S. (2016). “International Investment Arbitration in Southeast Asia: Guest Editorial.” Sydney Law School Research Paper.
Purwaningsih, S., & Widyorini, S. R. (2022). “National Investment Policy For The Implementation Of Asean Comprehensive Investment Agreement (ACIA).” International Journal of Educational Research & Social Sciences, 3(1).
Sengpunya, P. (2019). “ASEAN E-Commerce Legal Framework and Alignment of Lao PDR: A Review.” Lentera Hukum, 6(3).
Sim, E. W. (2020). “ASEAN Further Enhances Its Dispute Settlement Mechanism.“ Indonesia. J. Int’l & Comp. L.
Surbakti, S. P. (2021). “SUATU TINJAUAN TERHADAP KEKUATAN EKSEKUTORIAL DALAM PELAKSANAAN PUTUSAN ARBITRASE.” LEX PRIVATUM, 9(6).
Law and Regulation
the ASEAN Comprehensive Investment Agreement 2009 [“ACIA 2009”]
the ASEAN Protocol of Enhanced Dispute Settlement Mechanism 2004 [“EDSM 2004”].
the Regional Comprehensive Economic Partnership. [“RCEP”].
Other Resources
ASEAN Secretariat. (2023). Investing in ASEAN 2023. Available online from: https://asean.org/wp-content/uploads/2022/12/investment-report-2023.pdf. [Accessed January 16, 2023]
European Commission. (2017). a Multilateral Between Foreign Investors and States. European Commission, Available online from: https://trade.ec.europa.eu/doclib/docs/2017/september/tradoc_156042.pdf. [Accessed January 16, 2023]
Hallak, I. (2020). Multilateral Investment Court: Overview of the reform proposals and prospects. European Parliamentary Research Service, Available online from: https://www.europarl.europa.eu/RegData/etudes/BRIE/2020/646147/EPRS_BRI(2020)646147_EN.pdf. [Accessed January 16, 2023]
The United Nations Conference on Trade and Development. (2022). Facts on Investor – State Arbitrations in 2021: With A Special Focus on Tax-Related ISDS Cases. In IIA Issues Note (Issue 1), Available online from: https://unctad.org/system/files/official-document/diaepcbinf2022d4_en.pdf. [Accessed January 16, 2023]
UNCITRAL. (2018). Report of Working Group III (Investor-State Dispute Settlement Reform) on the work of its thirty-fourth session. In UN General Assembly: Vol. A/CN.9/930 (Issue 1). https://doi.org/10.5363/tits.7.8_44. [Accessed January 16, 2023]