THE ROLE OF PRECEDENT IN INTERNATIONAL INVESTMENT ARBITRATION
Ключевые слова:
investment, precedent, international investment arbitration, tribunal, legitimacy, arbitrator, international arbitration regime.Аннотация
The role of precedent in international investment arbitration is a fundamental aspect that shapes the decision-making process and legal principles in this field. Precedent refers to the previous decisions made by arbitral tribunals, which serve as authoritative interpretations of the law. This article examines the significance of precedent in international investment arbitration and its impact on shaping legal principles and ensuring consistency in decision-making. While not binding, precedent is gaining importance in investment arbitration, and tribunals increasingly consider prior decisions as persuasive authority. As investment arbitration continues to evolve, the role of precedent will continue to grow, contributing to the legitimacy and effectiveness of the international investment arbitration regime.
Библиографические ссылки
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