NYU Prof Says Arbitration Reform Focuses On Wrong 'Beast'

By Caroline Simson (March 23, 2021, 10:36 PM EDT) -- Efforts to reform investor-state arbitration focus too much on "plugging rule of law holes" and not enough on the larger issue of whether the investment treaty regime is accomplishing its goal of increasing foreign investment, argued New York University School of Law's José E. Alvarez in a Tuesday lecture.

Speaking during the 18th Institute for Transnational Arbitration–American Society of International Law Conference, the Herbert and Rose Rubin Professor of International Law at NYU said that the ongoing efforts at institutions like the United Nations Commission on International Trade Law, or UNCITRAL, are focused too much on the "smaller [investor-state dispute settlement, or...

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