States can defend themselves in cases alleging that they have violated investment treaty obligations on the grounds that situations of economic crisis required that they take emergency action. Likely defenses are the customary international law doctrines of necessity and force majeure, although...

The 2009/2010 edition of Investment Yearbook addresses such issues as investment flows, trends in international investment agreements, treaty-based arbitration cases, the procedural side, and ICSID.The edition includes articles by Persephone Economou and Karl P. Sauvant; Peter Muchlinski; Ian A....

The recovery of world investment flows will depend substantially on how the world economy will perform in 2011 and beyond, on how MNEs perceive the risks of investing abroad and on how the regulatory environment for foreign investment evolves. Thus, finding the proper balance between protecting...