Chapter 13: Addressing Financial Access to Justice in Investment Treaty Arbitration

Document Type

Book Chapter

Publication Date

11-13-2020

Editor(s)

Alan M. Anderson and Ben Beaumont

ISBN

9789403517551

Publisher

Kluwer Law International

Language

en-US

Abstract

Investors and States are stuck in their roles as claimant and respondent, respectively, because the implementation of the Investor-State Dispute Settlement (ISDS) system echoes world economic power dynamics that have historically been more rigid than the text of the ISDS-governing documents. Third-party funding is a lens through which to analyze one consequence of this overarching structural inequality in ISDS: lack of financial access to justice. This chapter explains how third-party funding shines a spotlight on this pervasive lack of financial access to justice in ISDS and presents suggestions for how to address financial access to justice in ISDS without requiring the renegotiation of thousands of investment treaties.

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