Overview

International investment law is one of the most dynamic fields of international law, and yet it has been criticised for failing to strike a fair balance between private and public interests. In this valuable contribution to the current debate, Valentina Vadi examines the merits and pitfalls of arbitral tribunals’ use of the concepts of proportionality and reasonableness to review the compatibility of a state’s regulatory actions with its obligations under international investment law. Investment law scholars have hitherto given greater attention to the concept of proportionality than to reasonableness; this pivotal book combats this trajectory by examining both concepts in such a way that it does not advocate one over the other, but instead enables the reader to make informed choices. The author also explores the intensity of review as one of the main tools to calibrate the different interests underlying investor-state arbitrations. This timely book offers a useful conceptual framework for reconciling the opposing interests at stake, making it a valuable resource for international law scholars and practitioners and other interested readers.

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9781785368578

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Reviews

`Valentina Vadi's study on the use of proportionality doctrine in international investment law enhances her well-established reputation in studies of the interaction of other fields of law with international investment law. In this work, she examines the transportability of the proportionality doctrine, created in the context of constitutional systems that integrate a variety of societal values, into an international system that has the singular purpose of investment protection. Her analysis is a cogent plea that care must be taken in making such transfers. It is a well-reasoned work that will shape the future course of the use of the proportionality doctrine in this area of the law.' -- M. Sornarajah, National University of Singapore

'Vadi is one of the world's foremost commentators in the important field of international investment law, and this book is among her greatest contributions, offering an insightful and comprehensive overview of a subject which has attracted much attention from the academic world and practitioners alike in recent years. She is also a singularly gifted writer-there is no one, at least in academia, who can explain complex concepts as clearly and who can marshal original arguments as skilfully. Proportionality, Reasonableness and Standards of Review in International Investment Law and -- Arbitration is a book which will quickly become a leading resource and will be a source of many references as well as inspiration in others for years to come.' - David Collins, International Trade Law & Regulation 'Valentina Vadi's study on the use of proportionality doctrine in international investment law enhances her well-established reputation in studies of the interaction of other fields of law with international investment law. In this work, she examines the transportability of the proportionality doctrine, created in the context of constitutional systems that integrate a variety of societal values, into an international system that has the singular purpose of investment protection. Her analysis is a cogent plea that care must be taken in making such transfers. It is a well-reasoned work that will shape the future course of the use of the proportionality doctrine in this area of the law.' -- M. Sornarajah, National University of Singapore

Author Information

Valentina Vadi, Department of Law, European University Institute, Italy

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