Investment Arbitration as a Tool for Protection Against Expropriation
Published: March 19, 2026
Author: Khrabrykh S. A.

This ARGA report systematically analyzes investment arbitration as a key international legal mechanism for protecting investors against expropriation. It examines the distinctions between direct and indirect expropriation, conditions for lawful taking, jurisdictional requirements under ICSID and UNCITRAL, as well as issues of compensation and award enforcement. ARGA experts pay particular attention to the boundary between legitimate state regulation and compensable taking, modern procedural transparency requirements, and a practical defense model including treaty mapping, expropriation qualification, and award enforcement strategy.

Citation Rules

  1. Mandatory source attribution. When using ARGA Observatory materials, the full name must be cited.
  2. Date and version indication. For analytical reports, the year of publication is mandatory.
  3. Link to the original. Electronic materials must be accompanied by an active link to the official website.
  4. Context preservation. Citations must not be shortened or altered in a way that distorts the original meaning.
  5. Note on adaptation. If the text is abridged or translated, state: "adapted from ARGA Observatory report".
  6. No commercial use without written permission from the organization.
  7. Data accuracy preservation. Charts and tables must be reproduced without changes.
Scroll to Top