Abstract

CASTRO PENA, María Natalia. Colombia before an international investment arbitration. Rev. Derecho Estado [online]. 2017, n.38, pp.23-66. ISSN 0122-9893.  https://doi.org/10.18601/01229893.n38.02.

International Investment Agreements provide guarantees and rights to the foreign investment in the receiving States, the protection of these rights is given by investor-state dispute settlement mechanisms. Thus far, Colombia is facing for the first time the challenge of defending itself before an international arbitration panel. For this purpose, the Colombian State adjusted its institutional scheme and implemented mechanisms to effectively prevent and address the disputes arising from these international treaties, through a stages' legal framework, which is comprised of a negotiation and arbitration phase. In accordance with the above, a policy was adopted in order to train and understand the scope of these international treaties, identify the risks, prevent investment disputes and reduce the risk of claims from the measures taken by any State agency.

Keywords : International investment agreements; foreign direct investment; investor-State dispute settlement; standards of protection.

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