Conclusion and Outlook
Conclusion and Outlook
Whither International Investment Law?
The conclusion returns to the core questions of the book—whether or not international investment law is embarking upon a shift of paradigms and hence becoming more balanced, less isolated, and increasingly diversified. While the contribution concedes that international investment law is now indeed occupied with a more balanced reconciliation of private and public interests and has witnessed an increase of alternative regulatory approaches concerning the protection of foreign investments, expectations concerning any prospects of a rapid incorporation of investment law into general public international law may rightly remain muted at this point. Overall, the field is in a tense state of flux, with important questions in need of apt resolution; some more controversial—reforming the system of investor–State Dispute settlement, for one—than others (protecting the State’s ability to regulate, for instance).
Keywords: right to regulate, general public international law, international investment law, investor–State dispute settlement, UNCTAD, sustainable development
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