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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

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

Hall, David 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. Discussion Paper. PSIRU.

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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: Monograph (Discussion 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 / Department / 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:
Last Modified: 06 Nov 2019 15:18
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/25939

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