International investment has increasingly been subject to controversies and debates. Never more so then when international investment law is faced with sustainable development issues, particularly in the context of international investment arbitration. Given the characteristics of international...

States write incomplete contracts when negotiating and concluding international treaties. Often, they delegate the interpretation of treaties to third-party adjudicators. Some treaties, especially in environmental law, do not institutionalize adjudication within the treaty regime but leave the...

Foreign investors' fear of expropriation led to the emergence of the idea of new ways of protection and adequate treatment of foreign investments on the international level. Primarily, the home countries wanted to protect their interests and became the main proponents of the creation of...

Der zwischen Deutschland und Pakistan 1959 geschlossene Investitionsschutzvertrag gilt gemeinhin als Meilenstein in der Entwicklung des völkerrechtlichen Investitionsschutzes. Als erster bilateral investment treaty (BIT) ist er in das kollektive Gedächtnis eingegangen. In unserem vorliegenden...

This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can mitigate the holdup problem and increases aggregate...

During the last decade the world stock of foreign direct investment has more than doubled. Nevertheless, considerable impediments to FDI continue to exist. The following paper discusses these and offers an answer to the question as to whether multilateral rules on FDI are necessary to remove...

Diese Arbeit untersucht die Beziehung zwischen 'sInvestitionsschutzrecht' und 'snachhaltiger Entwicklung'. Genauer gesagt stellt diese Arbeit drei Fragen und braucht das konzeptionelle Gebilde der modernen Ökonomie, um sie zu beantworten. Erstens fragt diese Arbeit, ob das heutige...

The global trade and investment architecture (GTIA) plays a critical role in shaping the organisation and structure of international commerce - from production and distribution to consumption. Yet, tensions and questions abound - some longstanding, some new - about whose interests it best...

Literature on the investment treaty regime has shown little interest in diplomatic interests and agendas as drivers of treaty negotiations. This contrasts with other work on international economic relations, such as the negotiation of preferential trade agreements. Our paper fills this gap...