GIURISPRUDENZA COMMERCIALE

30.1 Gennaio-Marzo 2016

Pubblicazione trimestrale -ISSN 1593-2605Poste Italiane s.p.a. - Spedizione in a.p. - D.L. 353/2003(conv. in L. 27/02/2004 n° 46) art. 1, com ma 1, DCB (VARESE)

DIRITTO DEL COMMERCIOINTERNAZIONALEThe Law of International Trade

Di particolare interesse in questo numero:

Unidroit Principles in investment arbitration

Internai conflicts among arbitrators

EU law and international investment arbitration

Denial of benefit clauses in investment Treaties

Primo lodo favorevole alla Spagna negli arbitrati sortidal cambio di regime tariffario per gli impianti fotovoltaici

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INDICE

SAGGI

GIUDITIACORDEROMoss-DANIELBEHN,The relevance of the UnidroitPrinciples in investment arbitration . . . . . . . . . . . . . . . . .Abstract. - I. Introduction. - Il. The law applicable to inve-stment arbitration. - 1. ICSID Arbitration. - 2. UNCITRALarbitration. - 3. Institutional arbitration. - 4. Choice-of-Iawprovisions in investment arbitration. - III. The PICC as 'rules oflaw' chosen by the parties. - IV. The PICC and internationallaw. - 1. The PICC as a source of internationallaw. - 2. ThePICC as corroboration of internationallaw. - V. The PICC andnationallaw. -1. The PICC as corroboration ofnationallaw.-2. The PICC as corrective of national law? - VI. Conclusion.

UGODRAETIA,Internal conflicts among arbitrators in internationalarbitration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1. Misconduct by an arbitrator in his/her relationship with aco-arbitrator. - 1.1. Generai issues: to whom do arbitrators owetheir duties? - 1.2. Violation by a co-arbitrator of the duty ofindependence and impartiality. - 1.2.1. A co-arbitrator havingan undisclosed conflict of interest. - 1.2.2. A co-arbitratormaking improper ex parte communications. - 1.2.2.1. Ex partecommunications in generaI. - 1.2.2.2. Difficulty to obtain hardevidence of ex parte communications by a co-arbitrator: someanecdotes. - 1.3. Violation by a co-arbitrator of the duty ofconfidentiality. - 1.4. Violation by a co-arbitrator of the duty ofdiligence. - 2. Remedies available to the innocent arbitrator incase of misconduct by a co-arbitrator. - 2.1. Non-traumaticremedies. - 2.2. Remedies contemplated by various Codes ofEthics: no «teeth». - 2.3. Remedies available under institutionalarbitration rules: possible revocation of the offending arbitrator.- 2.4. Exclusion of the offending arbitrator from the decision-making process: the truncated tribuna!. - 2.5. Remedies avai-lable under nationallegislations. - 3. Conclusions on internaiconflicts among arbitrators.

ALBERTOMAZZONI,Third-Party liability insurance in the insured'sbankruptcy: the ltalian perspective .1. Preamble. - 2. Art. 82 of the ltalian Bankruptcy Law and thesurvival of the insurance contract in bankruptcy. - 3. The rulein Art. 1917(2) of the Italian Civil Code (<dCC»): the insurer'sright and the insurer's duty to make direct payment of the

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indemnity to the injured third party. - 4. Legai analysis of Art.1917 (2) ICC: the absence of any enforceable right of the injuredthird party to require direct payment of the indemnity from theinsurer. - 5. Art. 1917(2) ICC and the insured's bankruptcy:does the provision remain applicable after adjudication in ban-kruptcy of the insured or is application thereof preempted bysuch adjudication? - 6. The majority view: inapplicability ofArt. 1917(2) ICC in bankruptcy. - 7. The minority view: Art.1917(2) continues to be applicable in bankruptcy. - 8. Thelegislative protection of the injured third parties: the statutorylien provided by Art. 2767 ICC and the overall policy assessmentsuggested by it. - 9. Post-adjudication direct payments of theindemnity to injured third parties and questions of standing tosue and be sued in recovery-seeking actions on behalf of theestate. - lO. The legai regime of actions brought by an injuredthird party to establish indemnification rights or c1aims againstthe insured debtor's estate. - Il. Settlement of liability insu-rance issues in the context of Italian bankruptcy or insolvencyproceedings. - 12. Liability insurance issues in the context ofItalian insolvency proceedings providing for composition or re-organization under a pian.

FRANCESCOMUNARI-CHIARACELLERINO,Generai principles of EU law andinternational investment arbitration . . . . . . . . . . . . . . . . .l. Generai legai principles as a device to start a legai discourseconceming EU law and intemational investment arbitration, i.e.two worlds apparently apart. - 2. Pacta sunt servanda: a coinwith two sides in the relationship between EU law and intema-tional investment law and arbitration. - 3. Legai certainty andextra-EU BITs. - 4. Managing financial responsibility vis-à-visnon-EU investors and the principi e of sincere cooperation ... -5.... and relevant legai consequences on ISDS contained in theinvestment treaties negotiated between the EU and thirdcountries. - 6. May 'c1assic' ISDS mechanisms survive theautonomy of the EU legai order? - 7. Conc1uding remarks.

PROBLEMI DI ATTUALITÀ

CARLODE STEFANO,Denial oi benefits clauses in international inve-stment agreements: burden of proof and notice to claimant ..TABLEOF CONTENTS:1. Introduction: Origin and Function ofDenial of Benefits Provisions. Distinction between Denial ofBenefits Clauses and Jurisdictional Requirements Ratione Perso-nae. States' Policy to Limit «Treaty Shopping». - 2. Burden ofProof. Intensity of the Evidentiary Burden at the Phase ofJurisdiction/ Admissibility and at the Phase of Merits. Denial of

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Treaty Advantages as an Issue of Admissibility. Generai Principleof Proximity to Evidence. - 3. Notice to Claimant. Language ofDenial of Benefits Clauses: Permissive or Mandatory. Effect:Prospective or Retrospective. Timeliness. - 4. Concluding Re-marks.

LIVIAVENTIJRA,Il patrimonio separato tra equivalenza funzionale easimmetrie normative. . . . . . . . . . . . . . . . . . . . . . . . . .1. Separazione patrimoniale e attività d'impresa: la teoria del-l'asset partitioning. - 2. Legai entity e persona giuridica. - 3.L'entificazione e l'articolazione del patrimonio come equivalentifunzionali. - 4. La separazione patrimoniale endosoggettivanella prospettiva storico-comparatistica. - 5. (Segue) Il trust e laseparazione patrimoniale endosoggettiva. - 6. Dall' «eniity shiel-ding» all' «internai shielding»: l'imprenditore individuale. - 7.(Segue) L'imprenditore collettivo. - 8. (Segue) I patrimonidestinati ad uno specifico affare. - 9. Separazione patrimonialeendosoggettiva tra equivalenza funzionale e asimmetrie norma-tive. - lO. Conclusioni.

COMMENTI E RASSEGNE

La Corte d'Appello di Milano sollecita la Corte Costituzionale avagliare la compatibilità dell'obbligo di disapplicazione impostoal giudice italiano dalla sentenza Taricco della Corte di Giustiziacon il principio di irretroattività in mala partem della leggepenale (Corte di Appello di Milano, ord. 18 settembre 2015) diFRANCESCOBERTOLlNO.. . . . . . . . . . . . . . . . . . . . . . . . . .

L'applicazione del regime di IVA ridotto alla fornitura di libri elettro-nici: un breve commento alla sentenza della Corte di giustiziadell'Unione europea nel caso Commissione C. Francia, del 5marzo 2015 (Corte di Giustizia, 5 marzo 2015, C-479/13) diBENEDETTACAPPIELLO .

Lodo favorevole alla Spagna a conclusione del primo degli investmentarbitrations sorti da impianti fotovoltaici: un precedente rile-vante? (Lodo 21 gennaio 2016) di ANNADE LUCA .

L'art. 101 TFUE e la rule of reason europea: nuovi spunti dalla Cortedi giustizia dell'Unione europea (Corte di giustizia, 4 settembre2014, cause riunite da C-184/13 a C-187/13, C-194/13,C-195/13 e C-208/13) di SIMONAPELLERITI .

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NOTIZIE

La distribuzione commerciale internazionale:aspetti critici, di STEFANO

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La disciplina del contratto di agenzia negli Stati Uniti d'America:approfondimento della normativa negli Stati di New York eCalifornia, di STEFANO LINARES .•••...•..•......•...

L'Iraq è diventato parte contraente della Convenzione di Washingtondel 1965 sulla risoluzione delle controversie relative ad investi-menti tra Stati e invesitori di altri Stati, di GIOVANNI MINUTO

È stato assegnato l'ICC lnstitute Prize 2015 .

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