The Role of Contracting Parties in Interpretation of International Investment Agreements: Lessons from the WTO Dispute Settlement System

• Project/Area Number: 26380067
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: International law
• Research Institution: Nagoya University (2016-2017); University of Tsukuba (2014-2015)
• Principal Investigator: Ishikawa Tomoko 名古屋大学, 国際開発研究科, 准教授 (20632392)
• Project Period (FY): 2014-04-01 – 2018-03-31
• Project Status: Completed (Fiscal Year 2017)
• Budget Amount: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000); Fiscal Year 2016: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2014: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
• Keywords: 国際法 / 国際投資 / WTO / 条約解釈 / 投資協定 / 地域主義 / 外国投資法 / ＷＴＯ

Outline of Final Research Achievements

The objective of this project is to assess the grounds of the increasing criticism of the Investor-to-State Dispute Settlement System (ISDS), and examine the implications and lessons the WTO dispute settlement system may provide with the system. This objective was largely fulfilled. This project produced 5 books (one co-edited book and 4 co-authored books), 5 journal articles (4 peer-reviewed) and 8 conference presentations.

Research Products

• [Journal Article] Restitution as a ‘Second Chance’ for Investor-State Relations: Restitution and Monetary Damages as Sequential Options (2017)
  • Author(s): Tomoko Ishikawa
  • Journal Title: McGill Journal of Dispute Resolution Volume: 3 Pages: 154-175
  • Peer Reviewed / Open Access
• [Journal Article] The Principle of Effective Interpretation in the World Trade Organization and Investment Arbitration: Difference in Parameters? (2015)
  • Author(s): Tomoko Ishikawa
  • Journal Title: Contemporary Asia Arbitration Journal Volume: 8(2) Pages: 267-298
  • Peer Reviewed
• [Journal Article] Collective Action Clauses in Sovereign Bond Contracts and Investment Treaty Arbitration: an Approach to Reconcile the Irreconcilable (2014)
  • Author(s): Tomoko Ishikawa
  • Journal Title: Accounting, Economics and Law: A Convivium Volume: 4(2) Pages: 63-98
  • Peer Reviewed
• [Journal Article] 国家債務再編と投資協定仲裁－集団行動条項の検討を中心に－ (2014)
  • Author(s): 石川知子
  • Journal Title: 日本国際経済法学会年報 Volume: 23 Pages: 184-208
  • NAID: 40020252135
  • Peer Reviewed
• [Presentation] Legal issues in investment treaties and CSR (2017)
  • Author(s): Tomoko Ishikawa
  • Organizer: Asian Development Finance in the Era of SDGs (Oxfam Japan Conference)
  • Place of Presentation: 法政大学
  • Year and Date: 2017-03-02
  • Int'l Joint Research / Invited
• [Presentation] A Japanese Perspective on International Investment Agreements: Recent Developments (2017)
  • Author(s): Tomoko Ishikawa
  • Organizer: SCIL/ CAPLUS Symposium: International Investment Arbitration Across Asia
  • Place of Presentation: Sydney University
  • Year and Date: 2017-02-16
  • Int'l Joint Research / Invited
• [Presentation] The Emergence of China's Investment Rule-Making Leadership in Asia (2017)
  • Author(s): Tomoko Ishikawa
  • Organizer: 14th ASLI Conference: A Uniting Force? "Asian Values" and the Law
• [Presentation] Investment Agreement under the Free Trade Area of the Asia-Pacific (FTAAP) as the Basis of Global Investment Policy (2016)
  • Author(s): Tomoko Ishikawa
  • Organizer: 4th Academic International Conference on Interdisciplinary Legal Studies
  • Place of Presentation: Harvard University
  • Year and Date: 2016-11-21
  • Int'l Joint Research
• [Presentation] 投資協定における条約解釈 (2016)
  • Author(s): 石川知子
  • Organizer: 国際経済法学会2016年研究大会
  • Place of Presentation: 小樽商科大学
  • Year and Date: 2016-10-16
• [Presentation] TPP and the Digital Economy in Asia (2016)
  • Author(s): Tomoko Ishikawa
  • Organizer: APRU 2016 Digital Economy Summer Seminar
  • Place of Presentation: 慶應大学
  • Year and Date: 2016-08-26
  • Int'l Joint Research / Invited
• [Presentation] わが国の投資協定政策の変遷とTPP投資章 (2016)
  • Author(s): 石川知子
  • Organizer: 国際通商法研究会
  • Place of Presentation: 国際商事法研究所
  • Year and Date: 2016-04-18
  • Invited
• [Presentation] Balancing Investment Protection and Public Policy Goals: the Role of Dispute Settlement (2015)
  • Author(s): Tomoko Ishikawa
  • Organizer: 2015 Asia FDI Forum
  • Place of Presentation: 香港（中国）、Chinese University of Hong Kong
  • Year and Date: 2015-11-05
  • Int'l Joint Research / Invited
• [Presentation] The Principle of Effective Interpretation in the World Trade Organization and Investment Arbitration: Difference in Parameters? (2015)
  • Author(s): Tomoko Ishikawa
  • Organizer: 2015 Taipei International Conference on. Arbitration and Mediation
  • Place of Presentation: 台北（台湾）、国立台湾大学
  • Year and Date: 2015-09-06
  • Int'l Joint Research
• [Presentation] “Keeping Interpretation of Investment Treaty Arbitration ‘on Track’: The Role of State Parties” (2015)
  • Author(s): Tomoko Ishikawa
  • Organizer: Reshaping the Investor-State Dispute Settlement System: Journeys for the 21st Century
  • Place of Presentation: Wilson Center, Washington (USA)
  • Year and Date: 2015-02-26
• [Book] International Investment Treaties and Arbitration Across Asia (2018)
  • Author(s): Julien Chaisse and Luke Nottage
  • Total Pages: 513
  • Publisher: Brill/Nijhoff
• [Book] International Economic Law and Governance: Essays in Honour of Mitsuo Matsushita (2016)
  • Author(s): Yasuhei Taniguchi and Tomoko Ishikawa
  • Total Pages: 26
  • Publisher: Oxford University Press
• [Book] Reshaping the Investor-State Dispute Settlement System: Journeys for the 21st Century (2015)
  • Author(s): Tomoko Ishikawa (Edited by Jean E. Kalicki, Anna Joubin-Bret)
  • Total Pages: 1003
  • Publisher: Brill/Nifhoff
• [Book] Rethinking International Law and Justice (2015)
  • Author(s): Tomoko Ishikawa
  • Total Pages: 358
  • Publisher: Ashgate
• [Remarks] Taipei Conference on Arbitration and Mediation
  • URL: http://www.transnational-dispute-management.com/news/taipei2015-pr.pdf
• [Remarks] 2015 Asia FDI Forum
  • URL: http://webapp1.law.cuhk.edu.hk/2015conference/1105/conf/programme.php
• [Remarks] Reshaping the ISDS System
  • URL: http://www.wilsoncenter.org/event/reshaping-the-investor-state-dispute-settlement-system-journeys-for-the-21st-century