Introduction

Widespread ratification by Latin American countries of major international arbitration conventions, and their engagement -under bilateral and regional treaties- to promote and protect foreign investments, enhanced recognition of international arbitration, as an international forum in which to bring claims against the State. Traditionally, Public International Law only embraced obligations incumbent upon States vis-à-vis other States. Therefore, private individuals were only seen as objects or mere beneficiaries of treaty rights, rather than subjects of international ...