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PART VII INVESTMENT LAW AND OTHER FIELDS, 34 THE EUROPEAN COURT OF HUMAN RIGHTS AND INVESTMENT PROTECTION

Christian Tomuschat

From: International Investment Law for the 21st Century: Essays in Honour of Christoph Schreuer

Edited By: Christina Binder, Ursula Kriebaum, August Reinisch, Stephan Wittich

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 09 May 2021

The International Centre for Settlement of Investment Disputes (ICSID) was established as a forum designed to promote and protect investment on a worldwide basis.1 Investors, that is, private actors, were given a remedy which they could use independently under their own responsibility, without requiring the assistance of their State of nationality. Thus, the numerous bilateral investment (protection) treaties (BITs) which lay down substantive rules and principles for the treatment of foreign investment2 were given real teeth. An effective procedure was made...
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