X Settling Investment Disputes
Rudolf Dolzer, Christoph Schreuer
- Settlement of disputes — International procedural law — Jurisdiction — International economic law — Standards of treatment
Under traditional international law investors did not have direct access to international remedies to pursue claims against foreign states for violation of their rights. They depended on diplomatic protection by their home states. A state exercising diplomatic protection espouses the claim of its national against another state and pursues it in its own name.1 The Permanent Court of International Justice (PCIJ) explained in the Mavrommatis Palestine Concessions case:It is an elementary principle of international law that a State is entitled to protect its subjects,...