The Evolution of Bilateral Investment Treaties, Investment Treaty Arbitration and International Investment Law
Ahmad Ali Ghouri
University of Turku; University of the Punjab
December 1, 2011
International Arbitration Law Review, Vol. 14, No. 6, pp. 189-204, December 2011
Explores the evolution of the current regime involving foreign direct investment, bilateral investment treaties and investment treaty arbitration, and considers why a harmonised multilateral investment agreement has never been adopted. Reflects on past attempts to harmonise the customary foreign direct investment regime, the resolution of investment disputes over the past century, and the establishment of arbitration forums across the world. Looks at how investment treaty arbitration works and how its substantive norms can potentially conflict with obligations arising out of international trade agreements.
Number of Pages in PDF File: 25
Keywords: Arbitral tribunals, Bilateral investment treaties, Foreign investment, Harmonisation, International commercial arbitration, International investment disputesAccepted Paper Series
Date posted: December 11, 2011 ; Last revised: April 14, 2012
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