Document Type : Scientific research
Authors
Abstract
Sources and basics of foreign investment law are mostly seen in bilateral and multilateral treaties and international arbitration procedures. Thereupon, some questions arise: What is the notion of foreign investment and what are its criteria? What contracts could be considered as investment? And, what about the sale contracts? For discovering the criteria of investments, at first is reffered to the criteria mentioned in Washington convention, and then to the criteria in important arbitrations on foreign investments.
Library method was used in this research, while, by referring to theoretical discussions, arbitrational procedures for discovering the methods and criteria for investment contracts were considered.
The results indicated that three main criteria - participation, specified period of time, and risk - make the nucleus of a foreign investment, in addition to which the objectives mentioned in Article 25 of ICSID Convention and bilateral investment treaties should be considered. Regarding sale contracts, arbitration procedures say that the simple contracts aren’t in conformity with the objectives of Washington Convention. But this approach can’t be extended to all the sale contracts
Keywords
References
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