These carefully selected contributions offer a timely analysis of the most significant contemporary issues in investment treaty law and arbitration.

Part I. Introduction: 1. Introduction: evolution in investment treaty law and arbitration Chester Brown and Kate Miles; Part II. Shifts in Fundamental Character: 2. Conflict and conflicts in investment treaty arbitration: ethical standards for counsel Philippe Sands; 3. Recent developments in the approach to identifying an 'investment' pursuant to Article 25 of the ICSID Convention David Williams and Simon Foote; 4. Investment treaty interpretation and customary investment law: preliminary remarks Martins Paparinskis; 5. The public-private dualities of international investment law and arbitration Alex Mills; 6. Outline of a normative framework for evaluating interpretations of investment treaty protections Jonathan Bonnitcha; 7. Investment treaty arbitration as global administrative law: what this might mean in practice Daniel Kalderimis; Part III. Actors in International Investment Law: 8. Sovereign wealth funds and international investment law Markus Burgstaller; 9. Investor misconduct: jurisdiction, admissibility, or merits? Andrew Newcombe; 10. The European Union as a global investment partner: law, policy and rhetoric in the attainment of development assistance and market liberalization Paul James Cardwell and Duncan French; 11. The fair and equitable treatment standard and the circumstances of the host state Nick Gallus; 12. The plea of necessity under customary international law: a critical review in light of the Argentine cases Avidan Kent and Alexandra Harrington; 13. Making way for the public interest in international investment agreements Suzanne Spears; 14. The participation of sub-national government units as amici curiae in international investment disputes Andrea Bjorklund; Part IV. The New Significance of Procedure: 15. The new rules on participation of non-disputing parties in ICSID arbitration: blessing or curse? Christina Knahr; 16. The role of procedure in the development of substantive law: the case of Section B of Chapter 11 of NAFTA Sergio Puig; 17. Navigating the parallel universe of investor-state arbitrations under the UNCITRAL rules Judith Levine; 18. The scope of 'amount of compensation' dispute resolution clauses in investment treaties J. Romesh Weeramantry and Claire Wilson; 19. Interference by a local court and failure to enforce: actionable under a bilateral investment treaty? Andrew Stephenson, Lee Carroll and Jonathon DeBoos; 20. Bias challenges in investor-state arbitration: lessons from international commercial arbitration Sam Luttrell; Part V. Engagement with Cross-Cutting Issues: 21. Protecting intellectual property rights under BITs, FTAs, and TRIPS: conflicting regimes or mutual coherence? Henning Grosse Ruse-Khan; 22. Stabilisation clauses and sustainable development: drafting for the future Antony Crockett; 23. A new investment deal in Asia and Africa: land leases to foreign investors Anastasia Telesetsky; 24. Thirst for profit: water privatisation, investment law and a human right to water Emma Truswell; 25. Economic development at the core of the international investment regime Omar García-Bolívar; 26. Regulatory chill and the threat of arbitration: a view from political science Kyla Tienhaara; Part VI. Conclusions: 27. Evolution or revolution in international investment arbitration? The descent into normlessness M. Sornarajah; 28. Evolution or revolution? Franklin Berman.