An efficient system of investment protection, either through legislation or through Bilateral Investment Treaties (BIT's), is indispensable. Expeditiously resolving litigation relating to investments through arbitration, and, in particular, through institutional arbitration (ICC, ICSID) has become a frequent and worldwide practice. This alternative sidetracks the filing, in national and international tribunals, of lawsuits that may otherwise take years to be heard. The objective of this book's authors is to suggest means, to Contracting States and international investors alike, to improve current media of protection of investments made on foreign soit. Their suggestions are intended to facilitate the drafting of Treaty and State Contract texts better adapted to rapidly evolving international arbitration.

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