Comparing Political Risk Insurance and Investment Treaty Arbitration
Article from: TDM 6 (2015), in Investor-State Disputes - International Investment Law
Introduction
One of the constants in Prof. Don Wallace's professional life has been the intertwining of political risk and arbitration. In honor of Prof. Wallace, this Essay addresses a question that arises in the public policy debate about investment treaty arbitration-does the availability of political risk insurance ("PRI") make investment treaty arbitration unnecessary? The answer is: No. We will be able to draw a few significant conclusions from the following comparison between PRI products and investment treaty arbitration: Investment treaty arbitration is a forum, ...