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Boase, Muin --- "A genealogy of censurable conduct: Antecedents for an international minimum standard of investor conduct" [2018] ELECD 133; in Schill, W. Stephan; Tams, J. Christian; Hofmann, Rainer (eds), "International Investment Law and History" (Edward Elgar Publishing, 2018) 321

Book Title: International Investment Law and History

Editor(s): Schill, W. Stephan; Tams, J. Christian; Hofmann, Rainer

Publisher: Edward Elgar Publishing

ISBN: 9781786439956

Section: Chapter 11

Section Title: A genealogy of censurable conduct: Antecedents for an international minimum standard of investor conduct

Author(s): Boase, Muin

Number of pages: 46

Abstract/Description:

One of the drawbacks of international investment law is the absence of an explicit standard to censure investor misconduct. This chapter claims the existence under custom, at least since the time of Vattel, of a standard of conduct for nationals abroad which could incur the responsibility of home states. The chapter undertakes a genealogy of such a standard under three different regimes for the protection of citizens abroad: first the regime of extraterritoriality in the early 19th century; second as a condition for diplomatic protection in the early 20th century; and third through the drafting of international investment law under which the responsibility of host states was vested as rights of the foreign investor, but the responsibility of home states for citizens abroad was not conferred as duties on the foreign investor. The chapter proposes that an international minimum standard to refrain from censurable conduct should be applied directly to the investor.