The mechanism for the settlement of international investment disputes

Анотація | Abstract

The article deals with a common form of dispute settlement in investment treaties is investor-state arbitration. The arbitration process is designed to take account of the special characteristics of international investment disputes and the parties involved, maintaining a careful balance between the interests of investors and host States. Arbitration is always based on a consent agreement between the parties. But in fact, ICSID arbitration is between a host State and a foreign private investor. It arises a specific character of that kind of arbitration. International investment disputes differ in their subjective composition. The article also considers the most important international treaties in the field of regulation of the arbitration process. In particular, disputes were investigated in the context of the Convention on the Settlement of Investment Disputes, The Agreement on Trade-Related Investment Measures (TRIMs), The Convention Establishing the Multilateral Investment Guarantee Agency (MIGA). A special legal mechanism for the functioning of arbitration has been considered. The article defines the criteria for addressing subjects to mechanisms for resolving investment disputes. Different convention rules used by states to regulate the arbitration process concerning in-vestment issues have been analyzed.