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Legitimacy in WTO law and investment arbitration: the role of the contracting parties

Woss, Herfried

International investment protection standards are the result of a “dilatory formula compromise,” i.e. a formal compromise without agreement on its precise content, due to historical reasons. Their development is mainly through arbitral awards and scholarly writings in the absence of the further involvement of the contracting parties, which raises legitimacy issues.

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More About This Work

Academic Units
Columbia Center on Sustainable Investment
Publisher
Columbia Center on Sustainable Investment
Series
Columbia FDI Perspectives, 144
Published Here
June 27, 2015
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