A BIT about ICSID
Article from: TDM 1 (2010), in Judge Stephen Schwebel on international investment law and investment arbitration
Consider where the law of foreign investment has been not only for the last twenty-five years but the last fifty, from the time when Western imperialism expired and the ranks of capital-importing independent States expanded essentially from Latin America to include Asia and Africa. If we recall the constellation of countries circa 1960, there was a legal as well as economic gulf between capital-exporting States and capital-importing States. There was a great gulf on the substance of the governing international law-if any. There was a great gulf on international legal ...