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Financial sanctions and investment treaty arbitration

29 July 2024 / Author(s): Roger Gherson , Valeriya Grebenkova , Dr Cong Gao
Issue: August-September 2024 / Categories: Feature

Financial institutions may be the subject of sanctions unilaterally imposed by individual states. While sanctions can be challenged through domestic means, foreign investors affected by sanctions have the right to bring proceedings against the sanction-imposing host state before international arbitral tribunals, provided investment treaty protection exists. Final awards, in particular monetary remedies against the host state, can be enforced globally.

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