Introduction

At the dawn of the twenty-first century foreign investment and the protection of foreign investor rights belong to the most innovated fields in international law. The International Centre for the Settlement of Investment Disputes (ICSID),[1] the specifically specialized arbitral institution for the settlement of investment disputes has shaped, with enormous success, both the development and interpretation of many legal standards and guarantees in international investment law.[2] But after forty years of ICSID the time has come to not only to take stock of the work of the ...