The Legitimacy of Investment Arbitration

Empirical Perspectives

• Author(s): Daniel Behn, Ole Kristian Fauchald, Malcolm Langford,
• Publisher: Cambridge University Press
• Pages: 400
• ISBN_10: 1108837581
  ISBN_13: 9781108837583
  
• Language: en
• Categories: Law / General , Law / Arbitration, Negotiation, Mediation , Law / Civil Procedure , Law / Commercial / International Trade , Law / International , Law / Securities , Political Science / International Relations / General ,

Description:... International investment arbitration remains one of the most controversial areas of globalisation and international law. This book provides a fresh contribution to the debate by adopting a thoroughly empirical approach. Based on new datasets and a range of quantitative, qualitative and computational methods, the contributors interrogate claims and counter-claims about the regime's legitimacy. The result is a nuanced picture about many of the critiques lodged against the regime, whether they be bias in arbitral decision-making, close relationships between law firms and arbitrators, absence of arbitral diversity, and excessive compensation. The book comes at a time when several national and international initiatives are under way to reform international investment arbitration. The authors discuss and analyse how the regime can be reformed and ow a process of legitimation might occur.