The settlement of disputes between investors and the States in   which they operate is a key aspect of the system of investment protection   established in international investment agreements. Thus, the majority of   international investment agreements contain provisions on investor-State   dispute settlement. These provisions have been increasingly used in recent   years, and this has resulted in more arbitral awards. It is the aim of this   paper to take stock of, and to analyse, the nature and implications of this   trend. In particular, it will consider not only the statistical aspects of   this development, but also the effects of arbitral decisions on the   evolution of dispute settlement procedures under international investment   agreements and on the interpretation and further refinement of the   substantive standards of protection that they contain.

Investor-state Disputes Arising from Investment Treaties: A Review (Unctad Series on International Investment Policies for Development) PDF

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