Introduction

The discussion regarding the legal effects of the proliferation and harmonisation of the content of Bilateral Investment Treaties (BITs) continues to grow. Dr. Schill's doctoral thesis on the multilateralization of international investment law published last year departs from previous analyses on the subject which examined mainly BITs' effects on customary international law and focuses on the nature of BITs' rules. Its author argues that, although concluded among two States, BITs establish rules of multilateral nature, i.e. uniform principles of generalized and non-discriminatory ...