Brexit, the City and options for ISDS

Glinavos, I. 2018. Brexit, the City and options for ISDS. ICSID Review. 33 (2), pp. 380-405. doi:10.1093/icsidreview/siy003

TitleBrexit, the City and options for ISDS
TypeJournal article
AuthorsGlinavos, I.
Abstract

This paper explores how the Fair and Equitable Treatment standard and the idea of protecting the investor’s legitimate expectations could form the basis of a claim against the UK government for the consequences of Brexit. The discussion operationalises this through the presentation of a case study. We consider the position of foreign financial firms that established themselves in the City of London to take advantage of the UK’s much lauded position as the centre of European finance and investigate their options in pursuing a claim through investment treaty arbitration. The paper concludes that it is possible for an investor to win such a case, within a narrow band of facts.

KeywordsBrexit, ISDS, City of London, Passporting, EU
JournalICSID Review
Journal citation33 (2), pp. 380-405
ISSN0258-3690
Year2018
PublisherOxford University Press
Digital Object Identifier (DOI)doi:10.1093/icsidreview/siy003
Publication dates
Published25 May 2018

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Restricted files

Accepted author manuscript
Under embargo until 25 May 2020

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