Introduction

Voices promoting reform of the current investor - State dispute settlement (ISDS) system seem to be growing louder, and calls for change more frequent and from a broader set of actors. Many refer to a "crisis", and point out "challenges" and "concerns", when explaining why ISDS reform is necessary or convenient, and should be imminent. The current system is made up by well over 3,000 international investment agreements (IIAs) and an unknown number of contracts between investors and States with international investment dispute settlement provisions, underpinning an ever-increasing ...