CLC’s team, led by Mr. Dionysis Fotopoulos, LLB National & Kapodistrian University of Athens, MSc Financial Management AUEB, mentored and supervised our students Anna Karvela, Vassilis Robotis, Fani Kantzavelos, and Kanellopoulou Elena, to carry out a research project on international investment standards and arbitration.
This project examined the trajectory of Fair and Equitable Treatment (FET) and Full Protection and Security (FPS) by presenting the prominent arbitral cases and the opinions of some scholars, shedding light on their discrete nature and examining their interplay. The inception of the International Centre for Settlement of Investment Disputes (ICSID) and the surge in international investment arbitration since the 1990s have shaped investor-state disputes’ discourse and legal landscape, forming foundational principles through arbitral tribunals’ awards. The evolution of international investment arbitration has challenged the traditional practice of diplomatic protection, leading to the proliferation of investment treaties and the standardization of protective principles. Essential standards like “Fair and Equitable Treatment” and “Full Protection and Security” are now central to almost every BIT, demanding closer examination and understanding in the context of investor-state disputes.
