Introduction

The notion of investment under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States ("ICSID Convention" or "Convention") was long debated under numerous studies and was brought up under several cases in front of the International Centre for Settlement of Investment Disputes ("ICSID"). The present study focuses on the territoriality feature of investment - the place where the investment is made and the place of origin of invested capital -, as this characteristic was considered by the ICSID tribunals. Despite ...