What is investment arbitration?

Investment arbitration is a procedure to resolve disputes between foreign investors and host States (also called Investor-State Dispute Settlement or ISDS). For a foreign investor to be able to initiate an investment arbitration, a host State must have given consent to this.

What is the difference between commercial and investment arbitration?

Investment arbitration is undertaken to resolve disputes between a foreign investor and the host State and is also known as Investor-State Dispute Settlement (ISDS) and differs from an International Commercial Arbitration (ICA/s) dispute due to the nature of the claim and the parties involved.

Do we need investment arbitration?

Investment disputes, unlike trade disputes, are usually highly individualised. For many, investment arbitration will constitute the only means of protection. From the host state’s perspective, the most obvious advantage of investment protection is the improvement of its investment climate.

What is wrong with investment arbitration?

First, investment arbitration allegedly lacks legitimacy, and, according to the critics, this is in large part due to the impermanent nature of the tribunals chosen to decide disputes as well as the perceived potential for arbitrators to have conflicts of interest.

What are the types of arbitration?

In arbitration, there are limited rights given to parties for review and appeal of the award given by the arbitrator. TYPES OF ARBITRATION: Domestic arbitration. Generally, in India the types of the arbitration process are classified into three:

• Ad hoc arbitration.
• Institutional arbitration.
• Fast track arbitration.

What are the uncitral arbitration rules?

The UNCITRAL Arbitration Rules provide a comprehensive set of procedural rules upon which parties may agree for the conduct of arbitral proceedings arising out of their commercial relationship and are widely used in ad hoc arbitrations as well as administered arbitrations.

What is commercial arbitration law?

Commercial arbitration is a means of settling disputes by referring them to a neutral person, an arbitrator, selected by the parties for a decision based on the evidence and arguments presented to the arbitration tribunal.

What is arbitration in court?

Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.

How do bilateral investment treaties work?

Most BITs grant investments —made by an investor of one Contracting State in the territory of the other—a number of guarantees, which typically include fair and equitable treatment, protection from expropriation, free transfer of means and full protection and security.

What is international arbitration law?

International arbitration is arbitration between companies or individuals in different states, usually by including a provision for future disputes in a contract.

What is an international commercial arbitration?

International commercial arbitration (ICA) is a private dispute resolution process in which parties from different countries choose to have their disputes decided by one or more arbitrators, without the involvement of the courts of a particular country.