UCL FACULTY OF LAWS

LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.


INTERNATIONAL LAW OF FOREIGN INVESTMENT (LAWSG088)
Credit value: 30 credits (12 ECTS)
Module Convenor:
Dr Martins Paparinskis
Other Teachers:
Professor Alejandro Escobar
Professor Robert Volterra
Content

Summary

International law of foreign investment protection, expressed in international treaties and customary law obligations and largely implemented through investor-State arbitration, disciplines and structures the manner in which States treat foreign investments and investor. This module deals with all the relevant aspects of the discipline, including its scope, content of the substantive obligations and exceptions, procedure of investor-State dispute settlement, and conceptual questions raised by the relationship between investment law and other regimes and values in international law.

Module Aims

  • to ensure that students develop a thorough understanding of the core substantive and procedural principles in investment protection law;
  • to enable students to appreciate both similarities and differences between different substantive obligations, and between different procedures for settlement of investment disputes (particularly ICSID Convention and UNCITRAL Rules);
  • to enable students to discuss critically the regime of modern investment protection law.

Syllabus

The topics in this module include:

  • Development of investment law
  • Investment law sources in customary and treaty law
  • State responsibility for the breach of investment obligations
  • Scope of investment treaties; concepts of ‘an investor’ and ‘an investment’
  • Substantive obligations: expropriation, non-contingent standards, and contingent standards; defences and excuses
  • Investor-State and inter-State settlement of investment disputes
  • Jurisdiction and admissibility of investment claims
  • Arbitral process
  • Investment protection law and its Others
  • Investment protection law and the European Union

Background Reading (optional):

There is no single textbook for this module. However, students will find it useful to consult these books:

  • R Dolzer and C Schreuer, Principles of International Investment Law (2nd edn, OUP, Oxford 2012)
  • Z Douglas, The Law of International Investment Claims (CUP, Cambridge 2009)

As a collections of documents, students will use:

  • M Paparinskis, Basic Documents on International Investment Protection (Hart Publishing, Oxford 2012)

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: Yes
Previous module enrolments: Medium - 16-50 students
Who may enrol: LLM students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: Corporate Law, International Banking and Finance Law, International Law
Assessment
Final Assessment: 3-hour unseen written examination
Practice Assessment: Two practice essays

This page was last updated on 23 July, 2014

APPLICATION NOTICES

The application process for the 2015-16 academic session is now open.

Please note, for the 2015-16 intake, we are not accepting the TOEFL test. If you have an English condition to meet, you must take one of the alternative tests listed here instead.