Time for the Appeal Tribunal in Investment Arbitration: Lessons… - Derlemeler

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Abstract

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1. INTRODUCTION

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2. CURRENT ISDS MECHANISM AND ITS PROBLEMS

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2.1. Features of ICSID Annulment Process

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2.2. Concerns About the Current System

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2.2.1. Contradictory Arbitral Decisions

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2.2.2. The Double Hat Dilemma

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2.2.3. Apparent Bias of Arbitrators

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2.2.4. Lack of Stare Decisis

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3. WTO DISPUTE SETTLEMENT MECHANISM’S EXPERIENCE

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3.1. WTO Dispute Settlement

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3.2. Lessons from the WTO Experience

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4. TTIP PROPOSAL AND THOUGHTS ON A NEW SYSTEM OF ISDS MECHANISM

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4.1. Some Concerns on TTIP Proposal

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4.1.1. Party Autonomy

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4.1.2. Politicization of the System

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4.1.3. Divergent Expectations from Ad Hoc Tribunals

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4.2. Advantages of Permanent Appellate Body

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4.2.1. Consistency

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4.2.2. Correction of Legal Errors

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5. CONCLUSION

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Time for the Appeal Tribunal in Investment Arbitration: Lessons from WTO