David Aven v Costa Rica: A step forward towards investor accountability for environmental harm?

Investment treaty arbitration has become a laboratory for testing the limits of international corporate responsibility, because arbitrators are often asked to consider instances of investors’ misconduct that compromise fundamental social values and interests. The decision in David Aven v Costa Rica...

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Veröffentlicht in:	Review of European Community & international environmental law 2020-07, Vol.29 (2), p.301-306
1. Verfasser:	Tamayo‐Álvarez, Rafael
Format:	Artikel
Sprache:	eng
Schlagworte:	Accountability Arbitration Ecosystems Foreign investment Investment Investors Real estate Social values
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description	Investment treaty arbitration has become a laboratory for testing the limits of international corporate responsibility, because arbitrators are often asked to consider instances of investors’ misconduct that compromise fundamental social values and interests. The decision in David Aven v Costa Rica is a glaring example of this case law. The dispute originated from a real estate project halted by local authorities for adversely impacting fragile ecosystems. This case note examines the arbitral tribunal’s approach to environmental harm caused by foreign investors.
doi_str_mv	10.1111/reel.12300
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source	Wiley Journals; Worldwide Political Science Abstracts; HeinOnline Law Journal Library; Business Source Complete; Political Science Complete
subjects	Accountability Arbitration Ecosystems Foreign investment Investment Investors Real estate Social values
title	David Aven v Costa Rica: A step forward towards investor accountability for environmental harm?
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