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The Return of the Home State to Investor-State Disputes
Bringing Back Diplomatic Protection?

$104.00 ( ) USD

Part of Cambridge International Trade and Economic Law

  • Date Published: January 2019
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781108603089

$ 104.00 USD ( )
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About the Authors
  • This book advances the idea that in order to address some of the criticisms against investor-state dispute settlement, a large majority of states have taken a 'normative' strategy, negotiating or amending investment treaties with provisions that potentially give more control and greater involvement to the contracting parties, and notably the home state. This is particularly true of agreements concluded in the past fifteen years. At the same time, there is a potential revival of the 'remnants' of diplomatic protection that are embedded in investment treaties since the beginning of the system. But why is the home state being brought back into a domain from which it was expressly excluded several decades ago? Why would a home state be interested in intervening in these conflicts? Is this 'new' role of the home state in foreign investment disputes a 'return' to diplomatic protection of its nationals, or are we witnessing something different?

    • Examines the underlying reasons of the exclusion of the home state from investor-state dispute settlement and explores the role that home states could play in investor-state dispute settlement
    • Analyses whether current reforms and changes proposed for the international investment law regime will improve the system or reduce the exposure of states to investment claims
    • Provides a historical perspective of the relationship between foreign investors, home states and host states, and examines how its changes have affected the way that investment law has developed
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    Reviews & endorsements

    ‘Whilst the role the state in the current debate on ISDS focuses on the role of host states, Rodrigo Polanco brilliantly reverses the prospect. Rigorously researched, the thorough legal analysis addresses the policy factors involved with a highly balanced sensibility. An essential read for all those who wish to acquire an intelligent and comprehensive view on the legitimacy and the prospects for reform of ISDS at the time of sovereignism.’ Attila M. Tanzi, Università di Bologna and Associate Member of 3VB Chambers

    ‘This book highlights the nearly-forgotten 'other' player in the investor-state dispute settlement context: the home state. Backing his claims with both historical and empirical data, the author’s analysis of the influence of the host state on the results of investor-state arbitrations through the centuries is elegantly convincing. Creative as well as informative, even readers well-acquainted with the subject of investment arbitration will enjoy reconsidering conventional wisdom in light of this volume’s findings.’ Krista Nadakavukaren Schefer, Swiss Institute of Comparative Law

    ‘Through a comprehensive historical analysis, this book introduces an innovative approach to the settlement of disputes from the perspective and main concerns of foreign investors’ home States. The author deals with key legal features of the institution of diplomatic protection and describes home States’ attitudes to regaining control of investment treaties and treaty interpretation. The book represents a valuable contribution to monitoring actual as well as future tensions among the main players in investor-state disputes.’ Raúl Vinuesa, Universidad de Buenos Aires

    ‘In this important and engaging book, Polanco explores the history of investor state disputes and asks whether there is a revival of remnants of diplomatic protection. He demonstrates that home states are reclaiming control of investor-state dispute settlement but that this is a return of the state in a different way. This book is an impressive contribution to understanding the changing nature of investor state dispute settlement.’ Andrew Newcombe, University of Victoria and Investment Treaty Arbitration

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    Product details

    • Date Published: January 2019
    • format: Adobe eBook Reader
    • isbn: 9781108603089
    • contains: 11 tables
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    1. The age of diplomatic protection of foreign investors
    2. The rise and backlash against investor-state arbitration
    3. Home states and the prevention of investment disputes
    4. Home state role in ISDS together with the host state
    5. Unilateral home state participation in ISDS
    6. Current and future role of diplomatic protection in investment disputes
    7. Home state limitations on diplomatic protection

  • Author

    Rodrigo Polanco, Universität Bern, Switzerland
    Rodrigo Polanco is a Senior Researcher and Lecturer at the World Trade Institute, Universität Bern, Switzerland, a Postdoctoral Researcher at the Universität Luzern, and a Visiting Professor at the Institute of International Studies at the University of Chile. He is also a former Assistant Professor of International Economic Law at the University of Chile, Faculty of Law, where he also served as the Director of International Affairs.

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