Hall, David ORCID: 0000-0003-3574-8863 and Weghmann, Vera (2019) Public ownership, benefits and compensation III: the potential risk of legal action under BITs or ECT over compensation for nationalisation of water and energy grid companies. [Working Paper]

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Abstract

Since the Labour party announced plans to bring the water companies and the electricity and gas transmission and distribution companies, and Royal Mail, into public ownership, there have been claims by the CBI, the Social Market Foundation (SMF) and others about:
- The cost of compensation
- the impact this would have on pension funds or employees which own shares in these companies, and
- the risk of claims by foreign owners under international treaties, e.g. Bilateral Investment Treaties (BITs) or the Energy Charter Treaty (ECT).
This paper on potential use of BITs and the ECT to challenge compensation to investors is the third of three reports by PSIRU addressing these issues.

Item Type:	Working Paper
Uncontrolled Keywords:	public ownership, UK, cost of compensation, pensions funds, bilateral investment treaties, energy charter treaty
Subjects:	H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Centre for Work and Employment Research (CREW) Faculty of Business > Centre for Work and Employment Research (CREW) > Public Services International Research Unit (PSIRU) Faculty of Business > Department of International Business & Economics
Related URLs:	Organisation
Last Modified:	06 Mar 2024 11:51
URI:	http://gala.gre.ac.uk/id/eprint/25939

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