CIAO DATE: 04/2014
January 2014
Columbia Center on Sustainable Investment
There have been many calls for a rebalancing of investor protection and state sovereignty in the investment treaty system. However, another equally important shift is underway: the recalibration of interpretive authority between treaty parties and arbitral tribunals. In newer-style investment treaties, states are increasingly protecting and enhancing their role in interpreting and applying their treaties.
Resource link: Recalibrating interpretive authority [PDF] - 79K