Streitschlichtung im Rahmen internationaler Investitionsabkommen: Viel Lärm um (fast) nichts?

Peter Nunnenkamp

Zeitschrift für Wirtschaftspolitik, 2017, vol. 66, issue 1, 61-79

Abstract: The provisions on investor-state dispute settlement included in various international investment treaties are increasingly resisted among policymakers as well as in public debate. It is widely believed that foreign investors may enforce unjustified compensation claims against host states by resorting to international arbitration. A new database on 739 disputes, collected by UNCTAD, hardly supports this view. The often assumed pro-investor bias of arbitration panels does not appear to exist. Moreover, there is little evidence suggesting that poor host countries are discriminated due to their relatively weak bargaining position. It seems unlikely that the policy discretion of democratically elected governments is seriously constrained by ‘regulatory chill', i. e., investors threatening to make use of international arbitration.

Keywords: international investment treaties; investor-state dispute settlement; arbitration panels; internationale Investitionsabkommen; Schiedsgerichte; Streitschlichtung zwischen Investoren und Staaten; international investment treaties; investor-state dispute settlement; arbitration panels (search for similar items in EconPapers)
JEL-codes: F53 F55 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1515/zfwp-2017-0002

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