Liverpool Economic Governance Unit

LEGU: The Nationality of Corporate Investors under International Investment

1:00pm - 2:00pm / Monday 8th March 2021
Type: Webinar / Category: Department
  • Admission: Free Admission - Booking Required. Contact slsjmret@liverpool.ac.uk
  • Event website
  • Book now
  • Add this event to my calendar
    (?)

    When you click on "Add this event to my calendar" your browser will download an ics file.

    Microsoft Outlook: Download the file, then you may be able to click on "Save & Close" to save it to your calendar. If that doesn't work go into Outlook, click on the File tab, then on Open, then Import. Select "Import an iCalendar (.ic or vCalendar file (.vcs)" then click on Next. Find the .ics file and click on OK.

    Google Calendar: download the file, then go into your calendar. On the right where it says "Other calendars" click on the arrow icon and then click on Import calendar. Click on Browse and select the .ics file, then click on Import.

    Apple Calendar: download the file, then you can either drag it to Calendar or import the file by going to File > Import > Import and choosing the .ics file.

The event is co-organised by Liverpool Economic Governance Unit (LEGU), Warwick Centre for Law, Regulation & Governance of the Global Economy (GLOBE) and IEL Collective.

Speaker: Dr Anil Yilmaz-Vastardis, Senior Lecturer, University of Essex

On 3 December 2019, the Financial Times reported that certain investors have begun restructuring their holdings in the UK public utility companies ‘to create the option of bringing lawsuits under bilateral investment treaties’. This was in response to the promise in the Labour Party manifesto to nationalise parts of public utilities in the UK. By posing as nationals and investors of other countries, a British company such as National Grid could bring itself within the protective remit of investment treaties. The law allows and even encourages such manipulation of a corporate investor’s nationality and identity. In her recently published monograph, Dr Anil Yilmaz Vastardis explores the ramifications of such manipulation and interrogates the interpretative and methodological choices of arbitral tribunals that underpin the increasingly permissive approach of IIA jurisprudence on corporate nationality. In this webinar, she will offer a timely discussion of the complex relationship between two legal fictions, “nationality” and ‘corporation” and their impact on the evolving investment treaty and arbitration practice.