Abstract

Home to a significant proportion of the world's natural resources, the African continent attracts billions of dollars' worth of foreign investment in the mining, oil and gas industry. In the past 50 years, parallel to the exponential growth of international contracts in the extractive industry, African States have coupled this development by entering into hundreds of Bilateral Investment Treaties ("BITs"), the majority of which provide for dispute resolution by international arbitration in case of disputes between the African host State and a foreign investor in ...