International Economic Law

Syllabus

1. Basic characteristics of international economic law - concept, subject of study, branches, sources, subjects, principles of IEL, relationship between IEL, international public law and international private law, concept of economic sovereignty of the state. 2. WTO, its history and fundamental legal framework – Havana Charter and the GATT 1947 – historical context, structure of GATT 1947, organs of GATT 1947; WTO Agreement and its annexes; principles, specific features and structure of the WTO legal system; WTO and SR/EU. 3. Fundamental priciples and rules of the multilateral trading system – main principles , rules for market access. 4. Rules for unfair competition – rules applicable to dumping, subsidies. 5. Exceptions from rules of the multilateral trading system rules – general exceprions, security exceptions, economic integration exceptions. 6. WTO dispute settlement system – historical development of the trade dispute settlement system within GATT/WTO; main bodies of the WTO DSS; WTO dispute settlement procedure; main challenges and current development in WTO dispute settlement system. 7. Legal framework for international investment – economic and legal dimension of international investment; investor, host state; sources of international investment law; legal regime of international investment protection – multilateral, plurilateral and bilateral investment agreements. 8. Fundamental principles of international investment protection – historical overview, current developments – non-discrimination, FET, full protection and security, applicability of MFN, exceptions in international investment agreements and investment chapters of trade and economic agreements. 9. Investor-State dispute settlement system – diplomatic protection, national courts, international arbitration and conciliation procedures ICSID, ICSID Additional Facility,; - ad hoc arbitration under UNCITRAL rules, current developments in the investor-state dispute settlement system. 10. Basic characteristics of international financial institutions - an overview of the system of international monetary and financial law; sources, entities, major monetary and financial institutions; the mission, structure, characteristics and voting mechanisms of the individual components of the World Bank Group. 11. International Monetary Fund - the concept, subject and sources of international financial and monetary law and the international monetary system; IMF mission, structure, decision-making mechanisms; the definition of special drawing rights and the IMF's conditionality characteristics; the basic preconditions, conditions and forms of use of general IMF resources in comparison with the legal conditions for the provision of funds from individual World Bank organizations; IMF exchange rate system and IMF supervision. 12. International development law - concept, subject, sources, basic international legal framework, institutional connections, sustainable development goals. 13. Current developments in the legal aspects of economic integration in Europe, North America, South America, Africa, Asia, Australia and between these regions.