The most-favored-nation clause in Cuban bilateral investment agreements. Current status and outlook
DOI:
https://doi.org/10.58594/rtest.v5i2.166Keywords:
Bilateral investment protection agreements, most favored nation clause, theoretical budgetsAbstract
The study of the most favored nation clause in bilateral investment treaties signed by Cuba is now a pertinent and necessary topic. This principle obliges States to grant both foreign investors and their investments the most favorable treatment in material matters. It was established from the first agreement signed between the Cuban State and the government of the Italian Republic in 1993, and is present, albeit in very varied forms, in all bilateral investment treaties concluded to date. The analysis of this clause identified the main theoretical and normative deficiencies that could place the State in a vulnerable situation in the event of a potential investment arbitration. Therefore, the objective of this work is to formulate theoretical prerequisites for perfecting this standard in bilateral investment agreements concluded by Cuba. The methods employed were analysis-synthesis, inductive-deductive, historical-legal analysis, theoretical-legal analysis, and exegetical-legal analysis. The research was conducted through document analysis and a bibliographic review, which enabled critical analysis and the adoption of theoretical positions regarding the institution studied.
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