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8 - The Consolidation of Proceedings and Mass Claims in International Investment Law and Arbitration

Published online by Cambridge University Press:  13 July 2020

Lukas Vanhonnaeker
Lukas Vanhonnaeker
Affiliation:
McGill University, Montréal
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Summary

This chapter addresses a second set of answers to parallel proceedings in the context of shareholders’ claims for reflective loss, the risks of double recovery, and the inconsistent decisions they lead to: a broader use of the mechanism of consolidation and mass claims in international investment arbitration. First, the mechanism of consolidation is analyzed in the context of investment arbitration by focusing on treaty practice and investment case law. This chapter explains why this mechanism can be useful to reduce instances of parallel proceedings and why it is particularly well suited in the context of such proceedings created by shareholders’ claims for reflective loss. The same analysis is undertaken with respect to the practice of mass claims in investment arbitration, and for similar reasons as with respect to consolidation, this chapter suggests a broader use of such multiparty proceedings in investment arbitration, especially with respect to shareholders’ claims for reflective loss.

Keywords

consolidationmass claimsconsentlaw applicable to the meritsdue process
Type
Chapter
Information
Shareholders' Claims for Reflective Loss in International Investment Law , pp. 283 - 336
Publisher: Cambridge University Press
Print publication year: 2020

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