Introduction

The idea of creating a body of ombudsmen to mediate disputes between foreign investors and government authorities is quite well known in international business practice, mostly in relation to countries with overregulated business environments, unstable legal systems and weak judiciaries. This idea takes different forms in different countries, but the essence remains the same: this is an opportunity for foreign investors to bring their claims and complaints against government authorities to a body of ombudsmen created by a higher government authority (the President, Prime ...