Latest Developments in International Dispute Resolution Mechanisms

Author: Ye Xingping
Publisher:
Publish Date: 2006-05-01
Features: Today in the 21st century, the important role of foreign investment in promoting economic development, creating job opportunities, improving income levels, and facilitating the transfer and exchange of knowledge and technology is undeniable. To some extent, the importance of foreign investment for the economic development of many countries and regions has surpassed that of foreign trade. In the past two decades, with the establishment of the WTO and the formation of the North American Free Trade Area (NAFTA), the international dispute settlement system has developed rapidly at both specialized fields and regional levels. The scope of research has no longer been limited to traditional boundaries. The author has long studied and researched in North America, closely following the establishment and development of NAFTA, particularly the investment dispute settlement mechanism created by NAFTA's Chapter 11 and its impact on the development and disruption of traditional international dispute settlement models. The Investment Dispute Settlement Mechanism (ISDM) established in NAFTA Chapter 11 is the most new and bold system design to date in the field of international investment dispute settlement, with its influence extending far beyond the three member countries of NAFTA. This book provides a comprehensive and detailed discussion of the new practices of the ISDM established by NAFTA Chapter 11, aiming to present a complete ISDM to the readers. The book is divided into thirteen chapters and is approximately 300,000 words.