Eroding the asymmetry of investment arbitration

towards a model of environmental obligations for investors

Authors

DOI:

https://doi.org/10.20318/cdt.2025.9326

Keywords:

investment arbitration, environmental obligations, sustainability, international investment agreements

Abstract

Investment arbitration suffers from a legitimacy crisis with criticisms regarding the inherent asymmetry of the system, mostly comprised of State obligations without investor obligations, and the apparent inability of investment arbitration to achieve a compensatory function with respect to environmental damage caused by investors. A joint solution to address both criticisms is the design and pursuit of a model for environmental investor obligations and a procedural mechanism for their adjudication in investment arbitration. The feasibility of this reform proposal requires a systematic study of the different elements needed at the substantive and procedural level within the legal framework of investment arbitration.

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Published

2025-03-19

Issue

Vol. 17 No. 1 (2025)

Section

Estudios

License

Se permite que los autores de los trabajos de investigación publicados en la Revista los reproduzcan en otros sitios siempre que se haga mención de que han sido previamente publicados en Cuadernos de Derecho Transnacional (CDT).

How to Cite

Eroding the asymmetry of investment arbitration: towards a model of environmental obligations for investors. (2025). CUADERNOS DE DERECHO TRANSNACIONAL, 17(1), 201-222. https://doi.org/10.20318/cdt.2025.9326

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