Improving the Legitimacy of Investor – State Dispute Settlement System: Can the WTO DSU System Act as a Model? (original) (raw)

Abstract

While the World Trade Organisation dispute settlement system is prospering, the investor-state dispute settlement system is in shambles and need immediate attention. This article argues that investor-state dispute settlement system need to gather experience from the WTO system so as to increase its legitimacy. The article looks at the issues haunting the investor-state adjudication system and examines how the same have been addressed at the World Trade Organisation. The WTO DSU is taken as a comparator because it is being praised for attaining legitimacy within a short period of time. The article concludes that investor-state adjudicative system has a lot to learn from the WTO adjudicative system with regards to costs, timeframe, remedies and the appellate structure.

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