Description: Bringing together conceptual theories of international investment law with the practical application of the law in treaty arbitration, this book investigates the key controversies in the field. It provides a detailed examination of how a different theoretical approach would have led to a different outcome in a number of important arbitral awards.
Review Quotes: "The aforementioned chapters by Pauwelyn and Viñuales add further substance to our present discussion
by challenging nowadays outdated explanations for the readiness of states to participate in investment law by concluding and becoming a party to BITs and other investment agreements or daring to address the big elephant in the room behind the general discussion on fi nding the correct path between the right to regulate and the need for investment protection: What role for sovereignty and how, to begin with, can sovereignty be understood in this context?" - Ralph Janik, Austrian Review of International and European Law