Recalibrating interpretive authority

Author
Anthea Roberts
Content Type
Policy Brief
Institution
Columbia Center on Sustainable Investment
Abstract
There have been many calls for a rebalancing of investor protection and state sovereignty in the investment treaty system. However, another equally important shift is underway: the recalibration of interpretive authority between treaty parties and arbitral tribunals. In newer-style investment treaties, states are increasingly protecting and enhancing their role in interpreting and applying their treaties.
Topic
Economics, Government, International Trade and Finance, Markets, Treaties and Agreements, Foreign Direct Investment