The Stakes for States in Defending Investment Treaty Arbitrations: A game of luck and chance?
The paper examines the current investment treaty arbitration practice with respect to the odds for States to recover the costs of defending investment treaty arbitration claims.
It analyzes the results of a recent study on the subject presented by the United Nations Conference on Trade and Development (UNCTAD), provides statistics on claims successfully defended by States or investors, and focuses on the financial implications for States engaged in investment treaty claims.
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