Title Page
ABSTRACT
ABBREVIATIONS
Contents
CHAPTER ONE INTRODUCTION 12
1.1. Overview 12
1.2. Historical background and evolution 16
CHAPTER TWO DEFINITION OF FAIR AND EQUITABLE TREATMENT 25
2.1. Legal concept of FET 25
2.1.1. A conventional norm 26
2.1.2. A norm of customary law 29
2.1.3. A general principle of law 33
2.2. A principle or a standard of FET 35
2.3. Treaty practice 37
2.3.1. Bilateral and Multilateral Investment Treaties 37
2.3.2. FET unqualified 41
2.3.3. FET qualified 43
2.4. Conclusion 50
CHAPTER THREE THE APPLICATION OF FAIR AND EQUITABLE TREATMENT 52
3.1. The Arbitration Tribunals Practice 52
3.2. Sub-principles of Fair and equitable treatment 63
3.2.1. Good faith 63
3.2.2. Legitimate expectation 70
3.2.3. Transparency 76
3.2.4. Due process 82
3.3. Conclusion 93
CHAPTER FOUR RELATIONSHIP TO OTHER PRINCIPLES OF INVESTOR PROTECTION AND SUSTAINABLE DEVELOPMENT IN CONTEXT 95
4.1. Relationship to other principles of investor protection 95
4.1.1. FET and Most Favored Nation and National Treatment 96
4.1.2. FET and Full Protection and Security 105
4.2. Sustainable development in context of FET standard 110
4.2.1. Precautionary principle 110
4.2.2. Environmental impact assessment 112
4.2.3. Social impact assessment 115
4.3. Conclusion 117
CHAPTER FIVE CONCLUSION 119
BIBLOGRAPHY 122