International Investment Arbitration and Role of the State
Investment Arbitration: Concept, Role, and State Liabilities in International Arbitration Investment arbitration is a mechanism employed to resolve disputes between foreign investors and host states. This method of arbitration has gained prominence in the globalized economy, where cross-border investments are prevalent, and the protection of these investments is paramount. The essence of investment arbitration lies in its ability to provide a neutral, binding, and enforceable resolution to disputes, ensuring that both investors and states can trust the outcomes. Concept of Investment Arbitration Investment arbitration is rooted in bilateral investment treaties (BITs), multilateral treaties, and international agreements that provide a legal framework for investment protection. These treaties typically contain clauses that allow investors to initiate arbitration against host states if they believe their investments have been unjustly harmed or expropriated. The primary goal is to p...