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International Investment Law Regime And The Rule Of Law As A Pre-Condition For International Development

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Chapter Summary

This chapter provides a summary of Professor Thomas Wälde's views about international investment law and rule of law, and in particular his view that international investment law promoted good governance. It reviews the following: first, Professor Wälde' main doctrinal view whereby he deemed investment arbitration as a vehicle that promoted good governance; second, the interaction between international investment law and domestic law; third, the system of investment arbitration, including a review of Professor Wälde' views about certain substantive protections under investment treaties and remedies; fourth, soft law and the rule of law; fifth, non-governmental organizations; and sixth, sustainable development.

Keywords: international investment law; investment arbitration; non-governmental organizations; rule of law; soft law; sustainable development; Thomas Wälde's



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