This paper analyzes the impact of bilateral investment treaties (BITs) on sovereign bond returns of 25 emerging markets from 1993 to 2016. Under a BIT, foreign investors can use an international arbitration scheme to enforce compensation claims against the domestic government in case of direct...

This open access book considers the potential setup for a future Multilateral Investment Court (MIC). The option of an MIC was first discussed by the EU Commission in 2016 and has since been made an official element of the EU Common Commercial Policy. In 2017, UNCITRAL also decided to discuss...

Using event study methodology, we investigate whether bilateral investment protection treaties afford protection to foreign investors. Examining arbitral decisions for firms from six countries shows that firms that received awards from arbitrators gained in market value by as much as 3%. Per...

China and Europe are two global economic powers and essential parts of the international value chain. Companies on both sides are interested in taking advantage of the opportunities offered by the European and Chinese markets in the form of creating jobs, inducing innovation, and extending their...

Commencing in the 1990s, India signed a number of bilateral investment treaties (BITs), however, after a spate of adverse investor-state dispute settlements (ISDS), India has recently denounced all its erstwhile investment treaties. New investment treaties now need to be negotiated on the basis...

International investment has increasingly been subject to controversies and debates. Never more so then when international investment law is faced with sustainable development issues, particularly in the context of international investment arbitration. Given the characteristics of international...

The five contributions in this legal working paper discuss various aspects of investment arbitration. They were originally presented at the ECB legal colloquium on ‘The new challenges raised by investment arbitration for the EU legal order’ which took place in Frankfurt am Main in 2019.

The aim of this paper is to discuss new trends that have occurred in the policies of the EU and China towards foreign direct investment (FDI), to examine some implications of the EU-China Comprehensive Agreement on Investment (CAI) - which is currently being negotiated - for their bilateral...

"The Law and Policy of New Eurasian Regionalization: Economic Integration, Trade, and Investment in the Post-Soviet and Greater Eurasian Space, edited by Anna Aseeva and Jędrzej Górski, makes several unique contributions to the literature. First and foremost, most of the current literature is...

"While provisions relating to a common commercial policy (CCP) were already to be found in Articles 110- 116 of the original Treaty of Rome, and a common customs tariff was established during the 1960s,1 it was only in an Opinion of 1975 that the European Court of Justice (ECJ) confirmed...

Introduction -- The rise of a trade and investment behemoth : The People's Republic of China -- Chinese IIAs : treaty templates and selected aspects of treaty practice -- Analytical review of China's treaty practice and key protection standard -- Conclusion.

Empirical research on the impact of investment treaties has focused almost exclusively on their effect on foreign investment, with mixed results. Yet, another important promise of the treaties has been ignored altogether. Architects of the investment treaty regime, as well as many current...

Introduction to International Investment Policy and Rationale for an Interdisciplinary Approach / J Anthony VanDuzer, Patrick Leblond, and Stephen Gelb -- Trade and Foreign Direct Investment in the 21st Century / Ari Van Assche -- Actors, Institutions, and Policy in Host Countries / Krista...

"In most of the time of its history of over 5,000 years, China was prosperous and influential in the Far East. The international order that it shaped in this region is unique in post- Westphalian terms, but not necessarily inferior. Despite the fact that it claimed to be the "Middle Kingdom" and...

"The rapid growth of multinational corporations has given rise to many complex and controversial international law and governance issues. Driven to maximize shareholder value, these corporations are legally structured to seize every advantage while also benefiting from generous investor rights...

International investment has increasingly been subject to controversies and debates. Never more so then when international investment law is faced with sustainable development issues, particularly in the context of international investment arbitration. Given the characteristics of international...