European Journal of Scientific Research
ISSN 1450-216X / 1450-202X Vol. 125 No 2 October, 2014, pp.414-426
http://www.europeanjournalofscientificresearch.com
International Investment Arbitration: Refuge Versus Deadlock
Ghada Awada
Majored in International Relations and Diplomacy
Crisis Management and Applications of Technology in Language Teaching and Learning
American University of Beirut, P.O.Box 11-0236, Beirut Lebanon, Fisk Hall, Room 109
E-mail: ghadawada@gmail.com,
Tel: 961 1 350000, Ext. 3072, Tel: 96170605396
Abstract
This study investigated the impact of arbitration and other alternative dispute
resolution methods on the extant of foreign investments in a country. The international
trade community resorts to arbitration as a security refuge; accordingly, the international
arbitration agreements are drafted and ratified . The study proved that the interrelation
between investment definitions and investments shape to a certain extent the amount of
investments in a country. The findings of the study indicated that it is recommended to find
a legal mechanism similar to those created by the Lebanese Council of Ministers, and the
legislator shall be aware of the international conventions and the form of investment before
it is signed. There is also a compelling need to clarify Article 21 of the Amended Unified
Convention for the Investment of the Arab Capitals in the Arab states as drafted on
6/12/2012. It is imperative that Lebanon not ratify item 8 of Article 3 of the Annex
pertaining to the Amended Unified Convention for the Investment of the Arab Capitals in
the Arab states as drafted on 6/12/2012. It is crucial that a summary of the arbitral decisions
issued by international institutions relating to arbitration be obligatory.
Keywords: Arbitration, agreement, international arbitration, International commercial
arbitration, convention
ISSN 1450-216X / 1450-202X Vol. 125 No 2 October, 2014, pp.414-426
http://www.europeanjournalofscientificresearch.com
International Investment Arbitration: Refuge Versus Deadlock
Ghada Awada
Majored in International Relations and Diplomacy
Crisis Management and Applications of Technology in Language Teaching and Learning
American University of Beirut, P.O.Box 11-0236, Beirut Lebanon, Fisk Hall, Room 109
E-mail: ghadawada@gmail.com,
Tel: 961 1 350000, Ext. 3072, Tel: 96170605396
Abstract
This study investigated the impact of arbitration and other alternative dispute
resolution methods on the extant of foreign investments in a country. The international
trade community resorts to arbitration as a security refuge; accordingly, the international
arbitration agreements are drafted and ratified . The study proved that the interrelation
between investment definitions and investments shape to a certain extent the amount of
investments in a country. The findings of the study indicated that it is recommended to find
a legal mechanism similar to those created by the Lebanese Council of Ministers, and the
legislator shall be aware of the international conventions and the form of investment before
it is signed. There is also a compelling need to clarify Article 21 of the Amended Unified
Convention for the Investment of the Arab Capitals in the Arab states as drafted on
6/12/2012. It is imperative that Lebanon not ratify item 8 of Article 3 of the Annex
pertaining to the Amended Unified Convention for the Investment of the Arab Capitals in
the Arab states as drafted on 6/12/2012. It is crucial that a summary of the arbitral decisions
issued by international institutions relating to arbitration be obligatory.
Keywords: Arbitration, agreement, international arbitration, International commercial
arbitration, convention
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