On January 18, 2019, the European Commission submitted a proposal to United Nations on International Trade Law establish multilateral investment court for investor-state disputes. The Commission’s reflects growing discussions about potential reform of dispute settlement system. While present work options focuses issues relating legitimacy system, effects disputes that specifically involve intel...

In this paper we examine the proposition that small investor sentiment, measured by the change in the discount/premium on closed-end funds, is an important factor in stock returns. We conduct an out-ofsample test of the investor sentiment hypothesis in a market environment that is more likely to be prone to investor sentiment than the U.S.. We fail to provide supporting evidence of the claim of...

Abstract An investor–State tribunal formed under a bilateral investment treaty (BIT) may be called upon to determine its jurisdiction ratione temporis based on various ‘critical dates’ such as: the date of entry into force BIT; when was made; investor acquired requisite nationality; alleged breach; first knowledge breach and loss; and/or dispute arose. When confronted with temporal issues, trib...

This article seeks to explain recent decisions by countries terminate their existing bilateral investment treaties (BITs) and revisit commitment future international agreements (IIAs). It argues that BITs, transnational corporations (TNCs), host States arbitration institutions form a decentralized system of global governance foreign direct (FDI), based on insights from the fields political econ...

The decision by Australia’s High Court to uphold the constitutionality of the country’s ground-breaking tobacco plain packaging laws has been heralded as a victory for national sovereignty over vested interests. However, the ability of governments worldwide to introduce and im plement public health policies and laws is increasingly threatened by trade and investment treaties that privilege inve...