This book presents the first comprehensive analysis of the risk of double compensation, often called double recovery, in the investor-State dispute settlement (ISDS) system and proposes a practical solution to the problems which double compensation creates. The book responds to all the key questions that legal counsel, arbitrators, judges, and scholars facing the double compensation issue may have, including:
What requirements must be met for the problem to arise?
What have others said and done about the problem?
What is the most effective way to tackle it?
The proposed solution is based on currently available legal doctrines and practice and strikes a balance between investorsâ and Statesâ interests.
Leyla Bahmany, Ph.D. (2021), McGill University Faculty of Law, is a postdoctoral associate at that university, researching and writing in the field of international arbitration. Dr. Bahmany also assists Professor Fabien GeÌlinas Ad. E. (Sir William C. McDonald Chair at McGill Law and former president of the ICC Canada Arbitration Committee) in his arbitral work. Dr. Bahmany is a member of the New York State Bar and has previously worked with two leading international law firms in Paris and Dubai.
âIntroduction
Part I Contours of the Problem 1âExistence and Extent of the Problem: A Snapshot
2âChoosing the Right Term (Because It Makes a Difference)
3âTypes of Claims Vulnerable to Double Compensation
4âDefinition, Requirements, and Scenarios
âExecutive Summary I
Part II Existing Approaches to Double Compensation 5âISDS Case Law
6âAnalysis of Suggested Solutions
âExecutive Summary II
Part III Restating the Law on Double Compensation 7âPrinciple of Prohibition of Double Compensation
8âApplication of the Principle: Fundamentals
9âApplication of the Principle: Possible Scenarios
10âApplication of the Principle: Exceptional Situations
âExecutive Summary III
âConclusion
Practitioners of investment and commercial arbitration, arbitrators, judges, academics, university libraries, international organizations (ICSID, OECD, UNCITRAL, ICC, LCIA, and SCC), graduate students in international dispute resolution, and third-year JD/LLB students in arbitration seminars.