Introduction

Foreign investments are often made through a contract between a foreign investor and an entity or instrumentality of the host State. The promotion and protection of such investments is consistent with the object and purpose of investment treaties. In numerous cases, disputes between investors and host States under investment treaties arise out of breaches of underlying contracts. Public information regarding these arbitrations is limited. A quick review of the International Centre for Settlement of Investment Disputes (ICSID) sources suggests, however, that in approximately ...