Sentences with phrase «shape international investment law»
In fact, lawyers with either a commercial arbitration or a public international law background — the two approaches that most actively shape international investment law and arbitration at present — stress such a limited function of arbitration, while having divergent views on what the rule of law may mean in this context.
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This was recognized in the 1960s — many ILA participants expressed concerns about an investment court having an outsize ability to shape the law, given the unsettled status of international law regarding foreign investment in the 1960s.