Fixing the asymmetry: giving governments access to arbitration through state contracts

Julien Chaisse

No 419, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: Most investment projects are governed by contracts that allow investors but not governments to pursue arbitration. This Perspective proposes a model clause to restore symmetry, enabling states to initiate binding ICSID or PCA proceedings under state contracts. It highlights Colombia, Ecuador and Bolivia's experiences and provides a practical template.

Date: 2025
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