International Investment, Political Risk and Dispute Resolution: a Practitioner's Guide by Noah Rubins and N. Stephan Kinsella

Abstract

International Investment, Political Risk and Dispute Resolution: a Practitioner's Guide, by Noah Rubins. N. Stephan Kinsella. Published by Oceana Publications (2005, 769 pp.). Price £90. ISBN 0-379-21522-5 The proliferation of arbitration proceedings conducted on the basis of bilateral investment treaties, and in particular under the auspices of ICSID, naturally led to an increase of publications addressing this issue and the changing landscape of arbitration over the last few years. Books dealing with this issue are often commentaries, basic introductions to the procedure of investment arbitration or reviews of investment awards. This book is different. It integrates the important issue of dispute resolution into the broader scope of international investment, explains the risks, in particular the political risk, associated with international investment and the legal framework of investment protection at large. It thus broadens the perspective of the reader and allows him to see beyond the everyday issues of the interpretation of the effect of an umbrella clause or the meaning of fair and equitable treatment in a BIT by placing these specific issues into a broader context and showing their interaction with others. The book commences by analysing the role and effect of foreign direct investment on the global economy of the modern world. Thereafter, it is composed of three parts. Part I deals with the assessment and pre-investment …