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Ítem Cláusulas paraguas en el arbitraje internacional de inversión, efectos, alcance e interpretación(Universidad EAFIT, 2024) Isaza Moreno, Laura; Toro Valencia, José ToroThis paper presents an analysis of the effects, scope and interpretation of umbrella clauses in international investment arbitration, thanks to the discussions that have been presented on their presence in international investment agreements (IIAs). Thus, it will first address the definition of umbrella clauses, their origins and main examples, and then examine the discussions presented in arbitration on their effects, which are summarized in (i) whether umbrella clauses allow to elevate contractual breaches to the level of IIA violations, and what type of breaches have been considered relevant for such purpose, (ii) whether breaches of domestic commitments can be raised to the level of an IIA breach, (iii) what is the personal scope of umbrella clauses, (iv) whether umbrella clauses can affect forum selection clauses, and (v) whether umbrella clauses can be imported through most-favored-nation clauses. Finally, in order to ground the application of umbrella clauses, a study on the presence of umbrella clauses in IIAs signed by Colombia and the position of the Constitutional Court with respect to them will be carried out.