A PROLUSION TO INTERNATIONAL INVESTMENT LAWS

Abstract

With the growing interdependence among the economies of the world, it has become an imperative task to have a good knowledge about international investment laws. The paradigms of investment are changing on a regular basis, in order to understand how different states of the world come together and invest in the resources of other states in order to benefit its own interest, one has to have a thorough understanding how the system of investment works, both from economic and legal point of view. The structure of international investment law is framed around 3 basic components: a.) Investor State, b.) The host state, and c.) The investor. The investor state and the host state enter into treaty giving the investor an opportunity to use the resources of the host state. Since the inception of international investment law in the 18th century, it has gained prominence and is demanding to become a part of public international law. The discourse is divided into 4 parts. Part I brings forth the development of international investment law and the instruments involved in it (chapters 1 to 5). Part II Expropriation (chapter 6). Part III Protection Standards of the investors and Involvement of the State (chapters 7 to 9). Part IV Dispute settlement mechanism (chapter 10). The sovereign powers of state is the paramount weapon which the states use whenever there is a dispute, but are these powers act as carte blanche? Certainly, not. There is a constant tussle between the investor and the host state relating to public welfare. The discourse will help us understand the intricacies of international investment law and the mechanism thereof.