The Evolution and Current Trends of Investor-State Arbitration [3.3354]
DOI:
https://doi.org/10.56754/2735-7236.2024.3354Keywords:
Investor-State arbitration (ISDS), Investment arbitration, North American Free Trade Agreement (NAFTA), United States-Mexico-Canada Agreement (USMCA), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Calvo doctrineAbstract
Investor-State arbitration (ISDS) has significantly evolved from the second half of the 20th century to the present day. Once the preferred mechanism for dispute resolution, it has faced procedural and substantive criticism regarding its suitability over the past two decades. The current state of the discussion on ISDS is reflected in the negotiations and investment and free trade treaties: the European Union, Canada, Australia, and the United States have excluded investment arbitration from their treaties. This essay will present an overview of the evolution of ISDS, both in academic debate and in the texts of international treaties, and will offer some interpretations that aim to explain this evolution.
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Copyright (c) 2024 Claudia Irureta Henríquez
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