International investment law is one of the most dynamic fields of
international law, and yet it has been criticised for failing to
strike a fair balance between private and public interests. In this
valuable contribution to the current debate, Valentina Vadi
examines the merits and pitfalls of arbitral tribunals? use of the
concepts of proportionality and reasonableness to review the
compatibility of a state?s regulatory actions with its obligations
under international investment law. Investment law scholars have
hitherto given greater attention to the concept of proportionality
than to reasonableness; this pivotal book combats this trajectory
by examining both concepts in such a way that it does not advocate
one over the other, but instead enables the reader to make informed
choices. The author also explores the intensity of review as one of
the main tools to calibrate the different interests underlying
investor-state arbitrations. This timely book offers a useful
conceptual framework for reconciling the opposing interests at
stake, making it a valuable resource for international law scholars
and practitioners and other interested readers.
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