Introduction

Note: A short review of this publication will be published on TDM A new UNCTAD paper, the sequel to the 1999 Pink Series paper on fair and equitable treatment (FET), explores how the concept of FET has been defined in international investment agreements (IIAs) and how different formulations have been interpreted by arbitral tribunals. The paper moves beyond a merely descriptive role, and considers how to respond to arbitral awards. It offers policy options for IIA negotiators that better take into account the sustainable development needs of host countries and that enhance the ...