Introduction

Given that Japan is one of the biggest exporters of goods and investments worldwide, it is surprising that Japanese investors have so far played only a minimal role in investment arbitrations. In fact, for a long time the only publicly known investment arbitration involving a Japanese investor would not even be recognizable as such from its case name. The case of Saluka Investments BV v. Czech Republic involved a Dutch entity bringing a claim against the Czech Republic in the aftermath of the reorganization and privatization of the Czech banking sector. Less known to some is the fact ...