Introduction[1]

This report complements and further develops the report of the French Session by Philippe Kahn. It focuses on investment arbitration, i.e. the resolution of investment disputes between a private investor and a host state by arbitration. International investment law, a now distinct category of international economic law, has emerged slowly over the centuries: Rooted in the international law protection of aliens, exercised by their home states, it is in theory primarily based on treaties. Treaties have as a rule provided quite general standards for treating aliens and now the ...