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

2.2.4. Lack of Stare Decisis

Stare decisis is Latin for “to stand by things decided”. It generally means that the courts follow the previous decisions of higher or same level of courts (binding precedent). The vertical stare decisis represents…

It should be noted that looking at the reasoning of previous decisions gives fresh…

As Professor Christopher Schreuer argues that application of a binding precedent…

As Professor Lewis A. Kornhauser argues that the predictability of investment law…