International Arbitration, Judicial Education, and Legal Elites

8 Pages Posted: 8 Mar 2016

See all articles by Catherine A. Rogers

Catherine A. Rogers

Bocconi University - Department of Law; Bocconi University - Bocconi Law Department; CCLS, Queen Mary University of London

Date Written: 2015

Abstract

One potentially devastating critique of investment arbitration is that it undermines or hampers development of national legal institutions. Investment arbitration was originally conceived of as a means of encouraging foreign investment and strengthening rule of law for investment protection. Critics often question whether it actually contributes to either of these goals. If investment arbitration could not deliver on intended goals related to improvements in local legal institutions, it would be disappointing. If, however, investment arbitration not only failed to deliver benefits to, but instead affirmatively undermined, local legal institutions, it would be devastating. While numerous critics have leveled this charge, no empirical evidence has been marshalled to support it.

This essay sketches an alternative account of how investment arbitration affects development of local legal institutions, in particular domestic courts. When investment arbitration is introduced into a local legal environment, it becomes integrated with international commercial arbitration, and often domestic arbitration. This integration occurs because the local economic elites, private law forms, and local businesses that deal with foreign investors and investment arbitration disputes also deal with international commercial matters, international commercial disputes, and domestic arbitration.

Suggested Citation

Rogers, Catherine A., International Arbitration, Judicial Education, and Legal Elites (2015). Journal of Dispute Resolution, Vol. 2015, No. 71, 2015, Penn State Law Research Paper No. 19-2015, Available at SSRN: https://ssrn.com/abstract=2744097

Catherine A. Rogers (Contact Author)

Bocconi University - Department of Law ( email )

Via Roentgen Building
20136 Milan
Italy
011 39 333 684 2267 (Phone)
011 39 02 5836 5202 (Fax)

Bocconi University - Bocconi Law Department ( email )

Italy

CCLS, Queen Mary University of London ( email )

Charterhouse Square
London, EC1M 6AX
United Kingdom

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