Introduction

There is a strong and wide perception that the system of international investment arbitration has serious flaws. In Latin America we know of them through direct experience. Although it is not the region of the world that attracts the majority of foreign direct investment, it is the one that holds that holds a sad record of investment arbitration against countries of the region and this in spite of the fact that we are ruled by democratically elected governments where institutions are well established and rules well developed, which shows that it is a region where the rule of law ...