We are very pleased with this massive new issue of TDM, the last in 2005.

Apart from our usual publication of numerous relevant and high-quality articles, studies, case comments, extended discussion contributions, the issue has several noteworthy features:

First, we are republishing the currently available papers from the on-going process of the International Law Association's Foreign Investment Law Committee, with Prof Schreuer as chair and Prof Muchlinski as rapporteur. While several of these papers (including my own) are "works in progress", they will often, we hope, deal with the most recent developments in a broader conceptual framework.

Second, we have been again fortunate to republish several writings of Stephen Schwebel, the chair of our editorial advisory committee.

Third, we have been able to continue publication of expert opinions delivered in highly visible international arbitration and litigation cases, thus - we hope - enhancing both transparency and peer-group induced quality incentives in such cases.

Following this issue, we will attempt to bring another significant innovation to our constituency. In summer, we have managed to make the full archives of the relevant internet discussion fora linked to OGEL and TDM (ENATRES & OGEMID) available in a fully searchable format to the OGEL and TDM subscribers. Now, we are working on "instant publication", i.e. we will attempt to make relevant "content" available, for our subscribers, instantly the moment they are endorsed for publication. In this way, we intend to offer another quality service to our subscribers which exploits the unique potential of an internet-based publication process not available in normal, paper-based journals where readers often have to wait between 6 months and one or two years until they receive the paper copy of the journal.

Our plan is to continue publication of distinct "issues" in 2006, but these will be a periodic structured "view" or "window" of publications that have appeared in our continuous process of instant publication.