The still increasing number of arbitral proceedings suggests that international investment arbitration is a success story. Investors and host States have a common interest in this legal framework despite some States’ attempts to leave the ICSID system or to limit the protection of certain substantive standards in recent model bilateral investment treaties (BITs). Investors look for legal stability and for an accessible neutral forum of decision-making in case of a dispute with the host State. Host States seek to attract investments and for that purpose have to...
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