How Does Investment Arbitration Affect “Third Parties”?
Dr Zoe Phillips Williams, LSE
14 November 2018
Today, the international investment protection regime – comprised of investment treaties and investor-state arbitration – is facing sustained calls for reform. One of the most fundamental criticisms of the system is that it is inherently undemocratic.
What does it mean to say that a regime made up of treaties, signed and ratified by states, is undemocratic?
Image credit: Hands by Kaz via Pixabay.
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