Abstract

Sovereigns want to retain their dignity while doing business with nationals of other States. At the same time these nationals are apprehensive of having disputes arising out of business dealings with a sovereign decided in that sovereign's court. It became imperative that a middle ground be found and recourse was had to arbitration as an alternative. However, because sovereigns are willing to submit only investment disputes to arbitration, a new arbitral regimen was found in The Convention for the Settlement of Investment Disputes between States and Nationals of Other States (Washington ...