The Multilateralization of International Investment Law (Cambridge International Trade and Economic Law, Series Number 2) - Softcover

Schill, Stephan W.

Softcover

ISBN 10: 1107636507 ISBN 13: 9781107636507

Publisher: Cambridge University Press, 2014

Synopsis

Attempts at developing a theory of international investment law are complicated by the fact that this field of international law is based on numerous, largely bilateral treaties and is implemented by arbitral panels established on a case-by-case basis. This suggests a fragmented and chaotic state of the law, with different levels of protection depending on the sources and targets of foreign investment flows. This book, however, forwards the thesis that international investment law develops, despite its bilateral form, into a multilateral system of law that backs up the functioning of a global market economy based on converging principles of investment protection. In discussing the function of most-favored-nation clauses, the possibilities of treaty-shopping and the impact of investor-State arbitration with its intensive reliance on precedent and other genuinely multilateral approaches to treaty interpretation, it offers a conceptual framework for understanding the nature and functioning of international investment law as a genuinely multilateral system.

About this title

Book Description:

International investment law is largely based on bilateral treaties rather than a multilateral convention. Instead of this leading to different levels of investment protection, Stephan Schill argues that international investment law is emerging as a structured body of law that governs investor-State relations based on uniform principles of investment protection.

About the Author:

Stephan W. Schill is a Senior Research Fellow at the Max Planck Institute for Comparative Public Law and International Law in Heidelberg. Formerly he assisted the Honorable Charles N. Brower of 20 Essex Street Chambers, London, in international commercial and investor-State arbitrations under various arbitral rules and clerked at the International Court of Justice. He is admitted to the bars in Germany and New York.

About this edition

• Publisher: Cambridge University Press
• Publication date: 2014
• ISBN 10: 1107636507
• ISBN 13: 9781107636507
• Binding: Paperback
• Number of pages: 490