Overview

Arbitration of overseas investment disputes is one of the fastest growing areas of international dispute resolution. The exponential growth of international investment in recent years has led to the signature of over two thousand Bilateral Investment Treaties (BITs) between foreign states, in addition to a wealth of multilateral treaties and other forms of concession agreements. Disputes that have arisen are often resolved through the forum of international arbitration, and typically involve claims by an investor company for compensation when an investment has been illegally expropriated or adversely affected by the state's activities. The legal principles that have developed in this area are subject to intense debate, and are still in a state of flux. While tribunals routinely state that they are applying principles of public international law to determine disputes, many of the principles applied have only been developed recently in the context of investment treaty arbitrations, and tribunals are often guided more by the approaches taken by other tribunals, than by pre-existing doctrines of public international law. However, the volume of law created, applied and analysed by tribunals is such that it is now possible to begin the necessary process of codification. International Investment Arbitration:Substantive Principles is an important step in this process. The book provides a detailed analytical survey of the developing substantive principles which are being applied to disputes by international investment tribunals. It considers the key questions that arise, and provides a clear description of the present state of the law as reflected in tribunal practice. Key areas of coverage include: the instruments under which investment disputes arise; the legal basis of treaty arbitration; dispute resolution and parallel proceedings; who is a foreign investor, including nationality issues and foreign control; what is an investment; investors' substantive rights; expropriation; compensation and remedies. As the volume of international investment arbitration grows, international law firms are increasingly having to acquire expertise in all aspects of this specialised and rapidly developing field. Written by a leading author team from Herbert Smith, and benefiting from the public and private International law experience of Professor Campbell McLachlan, this book is an essential reference work for international arbitration counsel, arbitrators, and academics.

Full Product Details

Author:   Professor Campbell McLachlan ,  Laurence Shore ,  Matthew Weiniger ,  Loukas Mistelis
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 17.40cm , Height: 3.20cm , Length: 25.20cm
Weight:   1.052kg
ISBN:  

9780199286645

ISBN 10:   0199286647
Pages:   528
Publication Date:   28 June 2007
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.

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Reviews

This is an excellent work which will be indispensible to anyone - arbitrator, counsel or academic concerned with international law on foreign investment. Christopher Greenwood Q.C. CMG, Essex Court Chambers For anyone wanting to do serious work in the field of investment arbitration, this book is an essential reference work. Richard Happ, Luther Rechtsanwaltsgesellschaft , in German Arbitration Journal

Author Information

Campbell McLachlan is Professor at Law at Victoria University of Wellington, specialising in Public and Private International Law. Educated at Victoria (LL.B (Hons), 1984), and at the University of London (Ph D (1988)), he holds the Diploma cum laude of the Hague Academy of International Law (1985). Until his return to New Zealand in 2003, Campbell was a partner at Herbert Smith in London. He led the firm's International Law Practice Group, and conducted many cases involving sovereign states. He has been Rapporteur of the International Law Association Committee on International Civil and Commercial Litigation (1992-2002) and Chair of the IBA International Litigation Committee (2001-2003). He is currently President of the Australian and New Zealand Society of International Law; Co-chair of the ILA Study Group on the Practice and Procedure of International Courts and Tribunals, and New Zealand Alternate Member on the International Chamber of Commerce of Arbitration. Laurence Shore is a dual US/UK qualified partner in the New York office of Gibson, Dunn & Crutcher. He is Co-chair of the firm's International Arbitration Practice Group and has practised at the U.S. State Department and the Washington DC law firm Williams & Connolly, appearing as advocate in cases before the U.S. Federal, State and Administrative Courts. He has acted as advocate in significant arbitrations under, for example, the UNCITRAL, ICC, and AAA Rules. He has advised on matters of public and private international law, and United States law. His experience in London and the US has enabled him to act successfully in matters such as Hague Convention Letter of Request proceedings in England, arising out of US tobacco litigation. Matthew Weiniger is a solicitor advocate at Herbert Smith specialising in international arbitration, public and private international law and alternative dispute resolution. He has acted and advised in cases arising from all major industry sectors, and regularly appears as an advocate before arbitral tribunals in many different jurisdictions. He has experience in arbitrations under the auspices of the ICC, LCIA, ICSID, Zurich Chamber of Commerce and ad hoc under the UNCITRAL Rules and the English Arbitration Act. He has also worked on matters involving state entities and matters where the governing law is not English law. He regularly lectures on matters connected to arbitration and public international law. He has recently taught on several LLM programmes at the University of London, and is a Visiting Professorial Fellow in the Centre for Commercial Law Studies, Queen Mary, University of London.

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