The rapid increase in the number of investment treaties (currently more than 2,500)1 raises numerous legal, economic, and political questions. One of the most important questions regarding this ongoing trend2 relates to compliance with those treaties, that is, whether and when contracting States fulfil the commitments undertaken in those treaties. Though it is impossible to predict whether a particular State will comply with a specific investment treaty, it is possible to analyse the parameters influencing the likelihood of compliance with or breach of investment...
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