International Rule of Law Through International Investment Law
- In challenging times for international law, there might be a heightened need for both analysis and prescription. The international rule of law as a connecting thread that goes through the global legal order is a particularly salient topic. By providing a working understanding of the content and contexts of the international rule of law, and by taking the regime of international investment law as a case study, this paper argues that assessing 'rise' or 'decline' motions in this sphere warrants a nuanced approach that should recognise parallel positive and negative developments. Whilst prominent procedural and substantive aspects of international investment law strongly align with the international rule of law requirements, numerous challenges threaten the future existence of the regime and appeal of international rule of law more broadly. At the same time, opportunities exist to adapt the substantive decision-making processes in investor-State disputes so to pursue parallel goals of enhancing rule of law at both international andIn challenging times for international law, there might be a heightened need for both analysis and prescription. The international rule of law as a connecting thread that goes through the global legal order is a particularly salient topic. By providing a working understanding of the content and contexts of the international rule of law, and by taking the regime of international investment law as a case study, this paper argues that assessing 'rise' or 'decline' motions in this sphere warrants a nuanced approach that should recognise parallel positive and negative developments. Whilst prominent procedural and substantive aspects of international investment law strongly align with the international rule of law requirements, numerous challenges threaten the future existence of the regime and appeal of international rule of law more broadly. At the same time, opportunities exist to adapt the substantive decision-making processes in investor-State disputes so to pursue parallel goals of enhancing rule of law at both international and national levels. Through recognising the specificities of interaction between international and national sphere, arbitrators can further reinvigorate the legitimacy of international rule of law through international investment law - benefitting thus the future of both.…
Author details: | Velimir Zivkovic |
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URN: | urn:nbn:de:kobv:517-opus4-422181 |
DOI: | https://doi.org/10.25932/publishup-42218 |
ISSN: | 2509-3770 |
ISSN: | 2509-3762 |
Title of parent work (English): | KFG Working Paper Series |
Subtitle (English): | Strengths, Challenges and Opportunities |
Publication series (Volume number): | KFG Working Paper Series (16) |
Publication type: | Working Paper |
Language: | English |
Date of first publication: | 2018/06/10 |
Publication year: | 2018 |
Publishing institution: | Universität Potsdam |
Release date: | 2019/01/09 |
Issue: | 16 |
Number of pages: | 33 |
Source: | First publication of the paper: DOI https://doi.org/10.2139/ssrn.3180585 |
RVK - Regensburg classification: | PR 2353, PR 2200 |
Organizational units: | Extern / Berlin Potsdam Research Group "The International Rule of Law - Rise or Decline?" |
DDC classification: | 3 Sozialwissenschaften / 34 Recht / 340 Recht |
Peer review: | Nicht referiert |
License (German): | Keine öffentliche Lizenz: Unter Urheberrechtsschutz |