The Right to Regulate in International Investment Law

Since the inception of the international investment law system, investment promotion and protection have been the raison d'être of investment treaties and states have confined their policy space in order to attract foreign investment and protect their investors abroad. Languishing in realtive obscurity until recently, the right to regulate has gradually come to the spotlight as a key component of negotiations on new generation investment agreements around the globe. States and regional organisations, including, notably, the European Union and the United States, have started to examine ways in which to safe-guard their regulatory power and guide - and delimit - the interpretive power of arbitral tribunals, by reserving theri right to pursue specific public policy objectives. The monograph explores teh status quo of the right to regulate, in order to offer an appraisal and a refernce tool for treatymakers, thus contributing to a better understanding of teh concept and teh broader discourse on how to enhance the investment law system's legitimacy. The author works on issues in international invetsment law and international arbritration.