This article seeks to shed light on a notion that is often considered essential in conferring global regulatory authority, but is rarely defined in contemporary scholarship on global governance: the notion of legitimacy. The authors centre their analysis on the value of democracy as one of the...

This paper aims at taking stock of the criticism directed at the mechanism of international arbitration for settling disputes between international investors and host states. This paper also analyzes and describes the main attempts at reforming the arbitral model in response to those criticisms,...

The Lisbon Treaty has rung in a new era of democratic and human rights governance. In an attempt to redress concerns about the EU's alleged democratic deficit and inability to speak with one voice on cross-cutting issues of human rights, both the empowered European Parliament (EP) and national...

This article examines the principles of accountability applied by the European Investment Bank in comparison with the practices of other Multilateral Lending Institutions. After a brief description of the EIB and its activities, the substantive and procedural principles governing the EIB's...

This paper examines how the growing network of bilateral investment agreements and the arbitral practice have gradually shaped the content of international investment law. It is argued that the mere repetition of like provisions in a multitude of investment agreements is not by itself evidence...

National Contact Points for Responsible Business Conduct, the remedy mechanism built into the OECD Guidelines for Multinational Enterprises, have just celebrated 20 years. This Perspective reviews their main assets and achievements since their creation and offers suggestions on how to enhance...

Institutional investors have an important role to play in encouraging high standards of corporate responsibility performance in the companies in which they are invested. Yet, while issues such as climate change now receive significant investor attention, the same cannot be said for human rights....