Legal Analysis of Indirect Expropriation Claim Under Korea-Us Fta

WRITING SAMPLE
Kiho Kim
101 Cherry Ave.
Bethpage, NY 11714
[phone]

The attached writing sample is an excerpt from a research paper submitted for the international business transaction course of Hofstra School of Law. This research paper addresses potential controversies arising from the investment provisions of KOR-US FTA, particularly focusing on indirect expropriation claims under KOR-US FTA.
The beginning chapter provides a brief history of expropriation provisions in bilateral investment treaty. The second chapter discusses indirect expropriation provisions of the NAFTA
Chapter 11 and the relevant case law. The final chapter analyzes detailed criteria to review indirect expropriation claims in the context of KOR-US FTA.

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LEGAL ANAYSIS OF INDIRECT EXPROPRIATION CLAIMS
UNDER KOR-US FTA
Kiho Kim

TABLE OF CONTENTS

I

INTRODUCTION............................................................................................................... 1

II

HISTORY OF INVESTMENT TREATIES AND EXPROPRIATION……………… 2

III

COMPARISON: NAFTA AND U.S. TAKING JURISPRUDENCE…………………. 4

IV

NEW TREATY TEXT: INDIRECT EXPROPRIATION UNDER KOR-US FTA....... 8
A.

Textual improvements of KOR-US FTA indirect expropriation provisions………....8

B.

Criteria determining whether an indirect expropriation has occurred………………12
1.
2.

Interference of the measure with reasonable investment-backed expectation..16

3.
V

Degree of interference with the property right………………………………..12

Character of governmental measures………………………………………....18

CONCLUSION.......................................................................................................................19

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I

INTRODUCTION

On June 30, 2007, the United States and the Republic of Korea signed the U.S.-Korea
Free Trade Agreement (“KOR-US FTA”). After 4 years of a long delay caused by political oppositions against the ratification, Congress finally approved