International Investment Arbitration

• Major work on the rapidly developing area of investment treaty arbitation now available in paperback
• Provides a detailed analytical survey of the substantive principles applied by Investment Arbitration Tribunals, and a clear and comprehensive description of the present state of the law
• Includes comprehensive commentary on the main treaties and published investment awards
• Key areas of coverage include: where investment disputes come from; who is a foreign investor, including nationality issues and foreign control; what is an investment; investors' rights; expropriation; compensation; dispute resolution; transfer, assignment and subrogation; and future trends.
• Written by a leading author team from Herbert Smith and Gibson, Dunn & Crutcher LLP, and benefiting from the public and private international law experience of Campbell McLachlan, Professor in Public International Law at Victoria University of Wellington
• An essential reference book for international arbitration counsel, arbitrators, and academics

Readership: UK and international law libraries; under-graduate and post-graduate students studying international arbitration; international arbitration lawyers in the UK and overseas (practitioners, arbitrators, and academics); international arbitration institutions, arbitrator institutions, and arbitrator nominating bodies (including ICSID, ICC, LCIA, SIAC, CIETAC, AAA, SCC, CIArb, ICDR and CRCICA); and foreign offices of states.

Campbell McLachlan, Professor, Victoria University of Wellington and Barrister, Essex Court Chambers, Laurence Shore, Solicitor, Partner, Gibson, Dunn & Crutcher LLP, and Matthew Weiniger, Solicitor, Partner, Herbert Smith

""This is now the first place for the international lawyer to go when confronting a new problem of relations between States and foreign investors. The subtitle — "Substantive Principles" — is important. Much interesting literature has been produced on investment arbitration as a process, but here is an attempt to derive the normative cores of the rapid output of awards during the last decade. The result is all the more valuable because the authors aim for accuracy, not conversion." " - Jan Paulsson, Head of International Arbitration and Public International Law, Freshfields Bruckhaus Deringer; President, London Court of International Arbitration

""This is an impressive analysis of the principles of international law and practice developing from the growing body of arbitral awards dealing with investor-state disputes. It provides a finely constructed explanation of the current state of investment law as applied by these tribunals, striking a well-judged balance between scholarly and practical discussion. It is a particularly welcome addition to my library." " - Martin Hunter, Barrister, Essex Court Chambers; Professor of International Dispute Resolution Nottingham Law School; FCIArb

""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

"In addition to the first-rate scholarly legal analytical treatise that takes up the major part of the book, these appendices provide a highly practical and unique tool for anyone involved or interested in the topic." - Giovanni Cogliandro, International and Comparative Law Quarterly 57 (3)

"Excellent textbook. It covers all essential principles of investment arbitration . It is a very helpful reference for international investment courses...This book is nicely illustrated and these representations are helpful, adequately explained and never needlessly complicated" - Professor Chaisse, Assistant Professor, Chinese University of Hong Kong

"Excellent textbook. It covers all essential principles of investment arbitration. It is a very helpful reference for international investment courses...This book is nicely illustrated and these representations are helpful, adequately explained and never needlessly complicated." - Professor chaisse, Assisitant Professot, Chinese University of Hong Kong, 2010

"A useful guide not only for novices in the field of investment law, but also for experienced practitioners since they represent a powerful reference tool...Easy to read and gives a clear and comprehensive presentation of the issues under review. This book proves to be a very useful instrument for both academics and practitioners ingeniously combining theoretical and practical approaches...Anyone interested in international investment law and investment arbitration will find this book or exceptional value. Equally useful for counsel representinginvestors and states, arbitrators and negotiators of investment treaties, as it contains excellent information and references, as well as pertinent commentaries and stimulating ideas" - Crina Baltag, Queen Mary University of London

1: Overview
2: Legal Basis of Investment Arbitrations
3: Parallel Proceedings
4: Nationality
5: Definition of Investment
6: Investors' Rights
7: Expropriation
8: Compensation
Appendices
NAFTA Chapter 11
ECT Investment Provisions
Agreement on the ASEAN Investment Area
UK Model BIT
US 1994 and 2004 Model BITs
Germany Model BIT
Netherlands Model BIT
Sri Lanka Model BIT
France Model BIT
Chapter II of the ICSID Convention
World Bank Investment Guidelines