Summary

During the last five to eight years there has been a dramatic increase in the number of arbitrations, involving states and state entities. No official statistics are available to confirm this statement, but this is certainly the general perception of arbitration lawyers in most parts of the world. As I see it, this is the result of two overlapping and interdependent developments, viz, the transformation of the political and economic systems in Eastern Europe, including the former Soviet Union, and the significant increase in so-called investment arbitrations. As far as ...