Investment Arbitration as a Discipline for Good Governance: Overview and Epilogue
Article from: OGEL 2 (2004), in International Oil, Gas & Energy Dispute Management
Introduction
Economic globalisation is a reality of modern life. In order for it to work for governments and their citizens, it needs to be mirrored by a concomitant globalisation of rules that promote competitive, non-discriminatory markets and discourage acts falling below commonly-accepted standards of good governance. While the main legal pillar of the global economy is now the WTO trading regime (with its effective, institutionalised system of dispute solution), investment arbitration, where individual economic actors seek redress for being affected by government conduct which falls below ...