Because of the differences between international investment law and
traditional public international law, on the one hand, and commercial arbitration, on the other, analogies with both systems, while certainly not excluded, have to be treated with caution.
On the one hand, international investment law differs from
traditional public international law in relation to its function.
Not exact matches
More than other areas of
law, the normative and practical framework dedicated to climate change has embraced new instruments and softened
traditional boundaries between formal and informal,
public and private, substantive and procedural; so ubiquitous is the reach of relevant rules nowadays that scholars routinely devote attention to the intersection of climate change and more established fields of legal study, such as
international trade
law.
Comparative
public law is particularly useful because
traditional methods of treaty interpretation and reliance on customary
international law, while not irrelevant, face significant limits in
international investment
law.
A 21st Century development has been the appearance of the virtual
law firm, a firm with a virtual business address but no brick & mortar office location open to the
public, using modern telecommunications to operate from remote locations and provide its services to
international clients, avoiding the costs of maintaining a physical premises with lower overheads than
traditional law firms.