International Standards in Transnational Investment & Commercial Disputes: The role of international standards, soft law, guidelines, voluntary and self-regulation in international arbitration, negotiation and other forms of dispute management
Article from: TDM 4 (2004), in Investor-State Disputes - International Investment Law
Cross-border investment, trade, financing and the sales of services and equipment in natural resources and energy is becoming subject to an increasing number of different forms of "soft-law" international standards, guidelines, codes and recommendations. These reflect economic and political globalisation, with its concomitant need for global regulation, but also the very early and inchoate status of global regulation. We are at the early stage of a development which will take its time and it is premature to predict where it will end. Such global standards have a ...