Part III Procedural Issues, Ch.25 Parallel Proceedings
Edited By: Peter T Muchlinski, Federico Ortino, Christoph Schreuer
- Res judicata — Exhaustion of local remedies — Umbrella clause — Consolidation of claims — Lis alibi pendens — Waiver — Arbitration — Parallel proceedings — Investor
This chapter examines the most common situations where parallel proceedings can occur in investment arbitration. It considers whether the principles of res judicata and lis pendens apply in investment arbitration and could prevent conflicting awards. Finally, the chapter looks at the way investment treaties regulate and/or prevent the occurrence of parallel proceedings, with a particular emphasis on the consolidation of claims.