Introduction

The question that was put to me was 'does the WTO appellate system confirm the need of more generalized appellate system in investment disputes?' and my short answer to this question is 'no, it does not'. That is not because the system is defective in the WTO - and we have heard from Valerie Hughes about the many advantageous aspects - but rather because the situations in the investment disputes are different and the priorities are different. The WTO system, however, from my perspective has lessons for investment disputes which are on a different level and which address the ...