Introduction

The number of investment arbitrations between foreign investors and their host states, has increased significantly in recent years. This increase may be explained by the political changes and economic crises in various countries and regions, as well as the fact that in-house counsel and external advisors have started to become aware of instruments like bilateral investment treaties (BITs), multilateral treaties,[1] or foreign investment legislation[2] providing for the protection of investors and their investments in foreign countries. The option of referring a dispute to an ...