AEIR 2021

RCI-POD

WEBINAR 20

Premiered on:
27 May 2021 (Thursday)
3:00–4:30 pm (Manila)
Platform:
Microsoft Teams Meeting

ADB International Investment Agreement Tool Kit: A Comparative Approach


The webinar, organized by ADB’s Regional Cooperation and Integration Division and Finance Sector Group, presented the key features of the ADB International Investment Agreement Tool Kit report and its companion database. The report offers a detailed mapping of provisions in concluded international investment agreements in the Asia and Pacific region. It provides a valuable tool for policy makers to assess the design, structure, and efficiency of Asia’s investment treaties and their potential role in economic recovery post-COVID-19. A panel of experts discussed these policy considerations and possible applications of the Tool Kit.

Opening Remarks:
Yasuyuki Sawada Chief Economist and Director General, Economic Research and Regional Cooperation Department, Asian Development Bank
Bio

Yasuyuki Sawada is Chief Economist of the Asian Development Bank (ADB) and Director General of its Economic Research and Regional Cooperation Department. He is chief spokesperson on economic and development trends, and leads the production of ADB’s flagship knowledge products and support for regional cooperation fora.

Before joining ADB, Mr. Sawada was Professor of Economics at the University of Tokyo, and has led numerous large-scale development policy evaluation projects for various institutions.

His key research areas are development economics, microeconometrics, economics of disasters, and field surveys and experiments. Mr. Sawada obtained his Ph.D. in Economics from Stanford University.


Welcome Address:
Junkyu Lee Chief, Finance Sector Group, Sustainable Development and Climate Change Department, Asian Development Bank
Bio

Junkyu Lee is currently serving ADB’s financial sector operations as Chief of Finance Sector Group. He is an economist of seasoned policy-making experience and knowledge in financial development and stability, and international economic policies. Since 2013, he has been leading policy and operational discussions on Asia’s banking sector stability, NPL resolution and capital market development in ADB. As a former G20 finance advisor, he also has deep policy-making experience of macroprudential policy, capital flows management measures, and financial development policy in the G20 Finance Process, and ASEAN+3 Finance Process.


Presentation: Main Findings of the Report
Julien Chaisse Professor, School of Law, City University of Hong Kong
Bio Presentation

Julien Chaisse is an award-winning Professor at the City University of Hong Kong, School of Law. Dr. Chaisse is a world-renowned expert on international economic law (trade, investment, and tax), cyberlaw, and international dispute resolution. His work has garnered wide academic recognition and has been cited by international courts/tribunals as well as U.S. Courts. Dr. Chaisse currently sits on the editorial boards of several high impact academic journals, and is Editor-in-Chief of the Asia Pacific Law Review. He is the recent recipient of the 10th Smith-Lowenfeld Prize from the International Arbitration Club of New York.

Dr. Chaisse is also an accomplished senior arbitrator—several of his adjudications have been reported in the international press. He is frequently called upon as an expert witness in international trade/investment litigation and arbitration, advise international organizations, governments, law firms, and private investors on private/public international law issues (e.g. concessions contracts, special economic zones, investment structuring, state and international organization immunities, and WTO accession), and has assisted over twenty jurisdictions in drafting legislation. Dr. Chaisse is currently President and Chair of the Asia Pacific FDI Network (APFN), which is the most important organization in the region that focuses on researching foreign direct investment and facilitating cooperation among over 100 scholars and 50 institutions.


Panel Discussion:
Moderator:
Cyn-Young Park Director, Regional Cooperation and Integration Division, Economic Research and Regional Cooperation Department, Asian Development Bank
Bio

Dr. Cyn-Young Park is Director of Regional Cooperation and Integration in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB). During her progressive career within ADB, she has been a main author and contributor to ADB’s major publications including Asian Development Outlook (ADB’s flagship publication), Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. She has also participated in various global and regional forums including the G20 Development Working Group, Association of Southeast Asian Nations (ASEAN), ASEAN+3, Asia-Pacific Economic Cooperation (APEC), and Asia-Europe Meeting (ASEM). She has written and lectured extensively about the Asian economy and financial markets. Her work has been published in peer reviewed academic journals including the Journal of Banking and Finance, the Journal of Futures Markets, the Review of Income and Wealth, and the World Economy.

Prior to joining the ADB, she served as Economist (1999-2002) at the Organisation for Economic Cooperation and Development (OECD), where she contributed to the OECD Economic Outlook. She received her Ph.D. in Economics from Columbia University. She holds a Bachelor’s degree in International Economics from Seoul National University.


Emma Aisbett Fellow, School of Regulation and Global Governance; and Associate Director (Research), Grand Challenge Zero-Carbon Energy for the Asia-Pacific, Australian National University
Bio

Emma Aisbett is a Fellow at the School of Regulation and Global Governance and Associate Director (Research) of the Grand Challenge Zero-Carbon Energy for the Asia-Pacific at the Australian National University. Emma’s highly-cited empirical work on international investment agreements assesses both the drivers and consequences of investment treaty participation. Her recent work uses a law&economics approach to propose a compensation rule that simultaneously protects investors from opportunistic host behaviour without punishing hosts for responding to new information, and removes the threat of excessive awards. Emma has been an invited expert on IIAs at both the OECD and UNCTAD.

Christina Pak Principal Counsel, Office of the General Counsel, Asian Development Bank
Bio

Christina Pak specializes in international development finance and law and policy reform. She is currently a Principal Counsel of the Asian Development Bank and is responsible for managing the Office of General Counsel’s Law and Policy Reform Program which designs, processes, and implements technical assistance projects directly to developing member countries relating to legal and judicial reforms. She oversees a diverse portfolio in the areas of environment protection and climate change, gender equality, private sector development, public-private partnerships and digital economy.

In her own technical assistance projects, Christina specializes in dispute resolution and been assisting various countries in the South Pacific region accede to the New York Convention and put in place implementing arbitration law, including Fiji, Palau, Papua New Guinea and Tonga and also assisted Uzbekistan with its new Law on International Commercial Arbitration. She also leads ADB’s judicial capacity building programs on commercial and environmental and climate change adjudication, as well assisting judiciaries in more effective and efficient handling of gender-based violence cases.

Christina also serves as ADB’s Accountability Mechanism Policy Counsel and the Office of the General Counsel’s technical assistance, partnerships and knowledge focal points and is a member of ADB’s Gender Equality, Climate Change and Disaster Risk Management, Environment and Governance Thematic Groups.

In her previous role as a project counsel at ADB, she worked on complex multi-sector projects across the Central West, Southeast and East Asia regions.

Prior to joining ADB, Christina was a legal counsel and vice president for markets and international banking at a major UK bank in Singapore and a finance associate at a large law firm in New York City.

Christina is a Steering Committee Member of the IUCN World Commission on Environmental Law and a Member of the Chartered Institute of Arbitrators. She is a US-qualified lawyer, admitted in the States of New York and New Jersey.

Intan Murnira Ramli Policy Fellow, Economic Research Institute for ASEAN and East Asia (ERIA)
Bio

Dr. Intan Murnira Ramli has more than 20 years’ experience in the trade policy making, having worked in various roles for the Malaysian Government. She is currently a Policy Fellow in ERIA providing policy-related advice to Senior Officials and Leaders in ASEAN and East Asia region. Dr. Intan’s expertise are in international trade areas particularly, Dispute Settlement, Trade in Goods, Trade in Services, Investment, Government Procurement, regulatory management and ASEAN Economic Integration. Dr. Intan holds a PhD. in International Trade Law from the University of Kent, United Kingdom, an LLM from the University of Nottingham, United Kingdom, a Diploma in International Trade (WTI Bern) and LLB (Hons) from Universiti Kebangsaan Malaysia.

Manzoor Ahmad Affiliated Expert, Asia Pacific FDI Network
Bio

Dr. Manzoor Ahmad is an international trade and Customs expert. He is currently serving as the Chairman of a WTO trade dispute between the European Union and Indonesia and has previously served on five other panels. He is also an “Affiliated Expert” with the Asia Pacific FDI Network and a Senior Fellow with the Pakistan Institute of Development Economics (PIDE). Previously, he served as Pakistan’s Ambassador to WTO; Director, FAO; Head of Customs at Federal Board of Revenue, Islamabad and Deputy Director, World Customs Organization, Brussels. He is a regular columnist on economic and trade issues.

Q&A and Discussion
Closing Remarks
Cyn-Young Park Director, Regional Cooperation and Integration Division, Economic Research and Regional Cooperation Department, Asian Development Bank
Bio

Dr. Cyn-Young Park is Director of Regional Cooperation and Integration in the Economics Research and Regional Cooperation Department of the Asian Development Bank (ADB). During her progressive career within ADB, she has been a main author and contributor to ADB’s major publications including Asian Development Outlook (ADB’s flagship publication), Asia Capital Markets Monitor, Asia Economic Monitor, Asia Bond Monitor, and ADB Country Diagnostic Study Series. She has also participated in various global and regional forums including the G20 Development Working Group, Association of Southeast Asian Nations (ASEAN), ASEAN+3, Asia-Pacific Economic Cooperation (APEC), and Asia-Europe Meeting (ASEM). She has written and lectured extensively about the Asian economy and financial markets. Her work has been published in peer reviewed academic journals including the Journal of Banking and Finance, the Journal of Futures Markets, the Review of Income and Wealth, and the World Economy.

Prior to joining the ADB, she served as Economist (1999-2002) at the Organisation for Economic Cooperation and Development (OECD), where she contributed to the OECD Economic Outlook. She received her Ph.D. in Economics from Columbia University. She holds a Bachelor’s degree in International Economics from Seoul National University.