The relationship between the rule of law and international investment law is the focus of the ILA Committee on the Rule of Law and International Investment Law. The term rule of law has no clearly defined and universally accepted meaning. While various notions of the rule of law exist in different legal cultures, resolutions adopted at the UN level are particularly pertinent to identify core elements of a rule of law concept relevant for international investment law. The UN concept of the rule of law allows analysing the substantive protection standards included in international investment agreements and their impact on government decision-making as well as the procedures of investment arbitration. It thereby serves as a useful yardstick to assess the rule of law of both substantive and procedural international investment law.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
