The Legitimacy of Investment Arbitration
Empirical Perspectives
Samenvatting
International investment arbitration remains one of the most controversial areas of globalisation and international law. This book provides a fresh contribution to the debate by adopting a thoroughly empirical approach. Based on new datasets and a range of quantitative, qualitative and computational methods, the contributors interrogate claims and counter-claims about the regime's legitimacy.
The result is a nuanced picture about many of the critiques lodged against the regime, whether they be bias in arbitral decision-making, close relationships between law firms and arbitrators, absence of arbitral diversity, and excessive compensation. The book comes at a time when several national and international initiatives are under way to reform international investment arbitration. The authors discuss and analyse how the regime can be reformed and ow a process of legitimation might occur.
Specificaties
Inhoudsopgave
Studies on International Courts and Tribunals - Series page ii-ii
The Legitimacy of Investment Arbitration - Title page iii-iii
Copyright page iv-iv
Contents v-vii
Figures viii-ix
Tables x-xi
Contributors xii-xx
1 - Introduction: The Legitimacy Crisis and the Empirical Turnpp 1-38
2 - The International Investment Regime and Its Discontentspp 39-82
Part I - Process Legitimacypp 83-168
3 - Testing Cognitive Bias: Experimental Approaches and Investment Arbitrationpp 85-99
4 - The Influence of Law Firms in Investment Arbitrationpp 100-132
5 - Arbitrator Challenges in International Investment Tribunalspp 133-158
6 - Dissents in Investment Arbitration: On Collegiality and Individualismpp 159-168
Part II - Process Legitimacypp 169-280
7 - Foreign Investors, Domestic Courts and Investment Treaty Arbitrationpp 171-229
8 - Ensuring Correctness or Promoting Consistency? Tracking Policy Priorities in Investment Arbitration through Large-Scale Citation Analysispp 230-255
9 - Fair and Equitable Treatment: Ordering Chaos through Precedent?pp 256-280
Part III - Output Legitimacypp 281-464
10 - The West and the Rest: Geographic Diversity and the Role of Arbitrator Nationality in Investment Arbitrationpp 283-314
11 - Mixing Methodologies in Empirically Investigating Investment Arbitration and Inbound Foreign Investmentpp 315-364
12 - Double Jeopardy? The Use of Investment Arbitration in Times of Crisispp 365-393
13 - Who Has Benefited Financially from Investment Treaty Arbitration? An Evaluation of the Size and Wealth of Claimantspp 394-423
Select Annex 1 - Excluded cases
Annex 1 - Excluded casespp 416-416
Annex 2 - Breakdown of casespp 417-423
14 - Explaining China’s Relative Absence from Investment Treaty Arbitrationpp 424-458
Annex 1 - Chinese BITs with No ISDS Provisionspp 459-459
Annex 2 - Chinese BITs with Narrow ISDS Provisionspp 460-460
Annex 3 - Chinese TIPs with ISDS Provisionspp 461-461
Annex 4 - Chinese IIAs Signed but Not in Force/Terminatedpp 462-462
Annex 5 - Chinese IIAs Containing Broad ISDS Provisionspp 463-464
Part IV - Legitimation Strategiespp 465-554
15 - Does International Arbitration Enfeeble or Enhance Local Legal Institutions?pp 467-500
16 - Learning from Investment Treaty Law and Arbitration: Developing States and Power Inequalitiespp 501-530
17 - Legitimation through Modification: Do States Seek More Regulatory Space in Their Investment Agreements? 531-554
Index 555-560