This book analyses the multi-faceted impact armed conflict has on
investment treaties. Refuting the common association of the
outbreak of hostilities with the termination or suspension of
treaties, it not only makes a case for the continuity of investment
treaties. The book argues that the impact of armed conflict on such
agreements goes far beyond these questions: Changed factual
circumstances and public interests as well as international
humanitarian law heavily influence the application and
interpretation of investment protection standards. The book argues
that investment treaties can and must channel these effects to
remain effective during armed conflict and strike a fair balance
between investor and public interests. It shows ways in which
contextual and systemic interpretation, respect for reasonable
state action, and careful treaty design can ensure that investment
treaties continue to fulfil their purpose of strengthening
compliance with legal rules also in times of armed conflict.
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