公平公正待遇视域下主权债务重组的国际责任

发布时间：2018-11-24 19:42

【摘要】：债务国发动的主权债务重组程序可能会引发其对国际投资协定中公平公正待遇条款所规定的条约义务的违反。依照各案仲裁庭宽松判断的标准,除了单纯主权债务违约外,当东道国发动主权债务重组程序时,几乎都可能因违反公平公正待遇而产生国际法责任。公平公正待遇允许仲裁庭在投资者与东道国的利益之间进行全面的司法平衡,债务国存在违反公平公正待遇的可能,但同时也存在免除责任的空间。阿巴克莱特等诉阿根廷案的债券持有人主张阿根廷的债务重组行为违反了意大利——阿根廷双边投资协定项下公平公正待遇条款,构成征收。仲裁庭对此案的裁决将首开主权债务重组之国际法责任认定的先河。
[Abstract]:Sovereign debt restructuring procedures initiated by debtor countries may trigger violations of their treaty obligations under the fair and equitable treatment provisions of international investment agreements. According to the standard of lenient judgment of each arbitration tribunal, when the host country initiates the sovereign debt restructuring procedure, almost all of them may be liable under international law for violating fair and just treatment, except for the simple breach of sovereign debt. Fair and just treatment allows the arbitral tribunal to strike a comprehensive judicial balance between the interests of the investor and the host country. Debtor countries may violate fair and just treatment, but at the same time there is room for exemption from liability. Bondholders in the case of Barclays Principal v. Argentina argued that Argentina's debt restructuring violated provisions on fair and equitable treatment under the Italian-Argentine bilateral investment treaty and constituted expropriation. The tribunal's ruling on the case will lead to a determination of international liability for sovereign debt restructuring.
【作者单位】：南京大学法学院;
【分类号】：D99

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