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A World Bank Study
10. Accord entre le Gouvernement de la République Française et le Gouvernement de l’état du Qatar sur l’Encouragement et la Protection réciproques des Investissements du 8 juillet 1996 (France-Qatar BIT), Article 7: “Dans la mesure où la réglementation de l’une des Parties contractantes prévoit une garantie pour les investissements effectués à l’étranger, celle-ci peut être accordée, dans le cadre d’un examen cas par cas, à des investissements effectués par des investisseurs de cette Partie sur le territoire ou dans la zone maritime de l’autre Partie. Les investissements des investisseurs de l’une des Parties contractantes sur le territoire ou dans la zone maritime de l’autre Partie ne pourront obtenir la garantie visée à l’alinéa ci-dessus que s’ils ont, au préalable, obtenu l’agrément de cette dernière Partie.”). 11. See, for example, the Canadian 2004 Model BIT, Article 15 (“1. If a Party or any agency thereof makes a payment to any of its investors under a guarantee or a contract of insurance it has entered into in respect of an investment, the other Party shall recognize the validity of the subrogation in favor of such Party or agency thereof to any right or title held by the investor. 2. A Party or any agency thereof which is subrogated to the rights of an investor in accordance with paragraph 1 of this Article, shall be entitled in all circumstances to the same rights as those of the investor in respect of the investment. Such rights may be exercised by the Party or any agency thereof, or by the investor if the Party or any agency thereof so authorizes.”). 12. See, for example, the Agreement on Encouragement and Reciprocal Protection of Investments between the Kingdom of the Netherlands and Jamaica) of April 18, 1991 (Netherlands-Jamaica BIT), Article 8 (“If the investment of a national of the other Contracting Party are insured against noncommercial risks under a system established by law, and the insurer or the re-insurer makes a payment or agrees to make a payment pursuant to the terms of such insurance, any subrogation of the insurer or the re-insurer into the rights of the said national shall be recognized by the other Contracting Party.”). 13. See European Court of Human Rights, No. 5856/72, Tyrer v. United Kingdom, Judgment of April 25, 1978, 31. 14. Such consent may traditionally be given in an arbitration clause contained in a contract or through a compromise once the dispute has arisen. It may also be given separately by the host State and the investor, the latter accepting, at the time the dispute has arisen, the prior and general consent to arbitration given by the former in a provision of its domestic legislation or in an investment protection treaty.”, Gaillard (2007, 7). 15. See, for example, Tradex Hellas S.A. v. Republic of Albania, ICSID Case No. ARB/94/2, Decision on Jurisdiction of December 24, 1996, reprinted in ICSID Review—Foreign Investment Law Journal (1999), Vol. 14, Issue 1, 186–87; Petrobart Limited v. The Kyrgyz Republic, SCC, Award of March 29, 2005, 73–74. 16. See, for example, CDC Group PLC v. Republic of Seychelles, ICSID Case No. ARB/02/14, Award of December 17, 2003, 3–4. 17. Bayindir Insaat Turizm Ticaret Ve Sanayi A.S. v. Islamic Republic of Pakistan, ICSID Case No. ARB/03/29, Award of August 27, 2009, 178; Suez et al. v. Argentine Republic, ICSID Case No. ARB/03/17, Award of July 30, 2010, 167. 18. Maffezini v. Kingdom of Spain, ICSID Case No. ARB/97/7, Award of November 13, 2000, 83.