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Kate Miles

This chapter considers methodological questions on the role of historical research in international law. In particular, it examines the adoption of a historical approach as an instrument of critique so as to create new understandings of historical periods and to illuminate the condition of modern international law. This approach is applied to investment law, examining early mechanisms of international law in the protection of property. In exploring this use of mechanisms as a repeated process, the chapter examines the writings of Vitoria, Grotius, and Vattel. It argues that there is a long history of designing new mechanisms to protect foreign investment, so that each one constitutes not a major change of direction or rupture, but a 'usual' change – and that this is also the case for international investment law in the 20th and 21st centuries.

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Kate Miles

Public international law forms an umbrella framework under which its various substantive areas of law sit. The fragmentation this represents is a well-known phenomenon in international law and its implications are manifold.1 A key aspect of this fragmentation and increasing specialisation is the potential for competing norms to encounter each other within the international legal space. There seem to be several mechanisms for resolution of this available in theory, and not a great deal of consistency in practice. One area of contestation in particular has attracted controversy, largely due to the public interest issues implicated, the asymmetries in dispute settlement approaches and the prioritising of one set of norms over another – environmental law, policy and protection objectives and international investment law. The environment/investment nexus became a high-profile international issue through a number of coinciding, parallel channels. On one level, the damaging effects of the activities of multinational corporations on the environment and the health and well-being of local communities formed the backdrop against which international legal issues would be played out. Catastrophic examples of this mode of encounter included the Bhopal disaster, the ‘dieback’ experienced downstream from the BHP copper and gold mine at Ok Tedi and Chevron/Texaco’s leaching of crude oil into the Amazonian ecosystem. At the same time as such micro-level incidents were occurring, global environmental issues that involved multinational corporate operations, such as climate change and the need for the widespread adoption of policies aimed at achieving sustainable development, were appearing in international instruments. The environment/investment nexus also became particularly visible in the late 1990s in the context of investor-state arbitration, when environment- related investment disputes began to be filed with international tribunals, which then triggered extensive protests regarding the negotiation of a Multilateral Agreement on Investment under the auspices of the Organisation for Economic Co-operation and Development (OECD). From that point onwards, the interaction between the treatment of environmental issues and norms and the rules contained within international investment agreements remained controversial.

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Edited by Kate Miles

The Research Handbook on Environment and Investment Law examines one of the most dynamic areas of international law: the interaction between international investment law and environmental law and policy. The Research Handbook takes a thematic approach, analysing key issues in the environment–investment nexus, such as freshwater resources, climate, biodiversity, biotechnology and sustainable development. It also includes sections which explore regional experiences and address practice and procedure, and offers innovative approaches and critical perspectives, including the interface between foreign investment and the environment with human rights, gender, indigenous peoples, and economics.
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Kate Miles

The following article was first presented as an address at the annual conference of the Cambridge Journal of International and Comparative Law on 10 May 2014. It concerns themes developed in detail in Dr Miles' book, The Origins of International Investment Law: Empire, Environment and the Safeguarding of Capital, published by Cambridge University Press in 2013.