Duration of Investor-State Dispute Settlement Proceedings

Author:

Álvarez Zárate José Manuel1,Baltag Crina2,Behn Daniel3,Bonnitcha Jonathan4,De Luca Anna5,Hestermeyer Holger6,Langford Malcolm7,Mistelis Loukas3,López Rodríguez Clara6,Shaffer Gregory8,Weber Simon6

Affiliation:

1. Externado de Colombia University Bogotá Colombia

2. Stockholm University Stockholm Sweden

3. Queen Mary University of London London United Kingdom

4. University of New South Wales Sydney Australia

5. Bocconi University Milan Italy

6. King’s College London London United Kingdom

7. PluriCourts, Faculty of Law, University of Oslo Oslo Norway

8. University of California Irvine, CA United States

Abstract

Abstract Speed is often touted as an advantage of arbitration. In recent years, however, some have worried that investment arbitration risks losing this advantage. Concerns about the length of investor-State dispute settlement (ISDS) proceedings have also been raised in the discussion about ISDS reform. This article analyses the duration of ISDS proceedings applying a data-centric approach and evaluates the impact of proposed ISDS reforms on the duration of proceedings. After some terminological clarifications on when proceedings are ‘excessively’ long, the article sets out the evidence on the length of proceedings using several data-sets. As a comparator, we present data on the length of World Trade Organization (WTO) proceedings, even though we urge caution as to the usefulness of such a comparator. The article then discusses the impact of various reform proposals on the duration of proceedings, namely improving ISDS, adding an appellate mechanism, establishing a multilateral investment court and abolishing ISDS.

Publisher

Brill

Subject

Law,General Economics, Econometrics and Finance,Political Science and International Relations,Business and International Management

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