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7 - Umbrella Clause

Published online by Cambridge University Press:  13 July 2020

August Reinisch  and
Christoph Schreuer
August Reinisch
Affiliation:
University of Vienna
Christoph Schreuer
Affiliation:
Zeiler Partners, Vienna
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Summary

Each Contracting Party shall observe any obligation it has assumed with regard to investments by nationals or companies of the other Contracting Party.

Keywords

pacta sunt servandaobservance of commitmentsprotective umbrellaunilateral obligationsgovernmental actscontract versus treaty breach
Type
Chapter
Information
International Protection of Investments
The Substantive Standards
 , pp. 855 - 969
Publisher: Cambridge University Press
Print publication year: 2020

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