This book presents comprehensive information on a range of issues in
connection with the Fair and Equitable Treatment (FET) standard, with a
particular focus on arbitral awards against host developing countries,
thereby contributing to the available literature in this area of
international investment law. It examines in detail the interpretation
of the FET standard of key arbitral awards affecting host developing
countries, demonstrating the full range of interpretation approaches
adopted by the current investment tribunals. At the same time, the book
offers valuable practical guidance for counsels/scholars representing
host developing countries in investment arbitration, where balancing the
competing interests of the foreign investors and the host developing
countries in investment disputes poses a complex challenge.
The book puts forward the pressing need for a re-conceptualized
interpretation of the FET standard in tune with the developmental issues
and challenges faced by host developing countries, recognizing these
countries' particular perspectives as an important and relevant aspect
of investment disputes (often ignored by the current investment
tribunals), while continuing to ensure reasonable protections for
foreign investors and therefore serving the needs of the system as
whole. The findings presented here will greatly benefit host developing
countries engaged in investment arbitration. In addition, the book
offers an insightful guide for all researchers whose work involves
investment law and investment arbitration issues.