Introduction

One of key elements of international investment law is the dispute settlement mechanism where exceptionally under the standards of public international law disputes can be submitted against States in international fora by parties other than States themselves. That mechanism of dispute settlement has been considered in and by itself as one of the main advantages of international investment law as it depoliticizes potential disputes between investors and host States by providing a neutral venue to settle the differences. But although arbitration has filled the gap of the venue ...