REVISITING THE CONCEPT OF JUSTICE IN INTERNATIONAL INVESTMENT ARBITRATION: A WAKE-UP CALL TO SAVE A DYING SYSTEM

Authors

  • Professor Olusesan Oliyide Olabisi Onabanjo University, Ago-Iwoye, Nigeria and Visiting Professor, Babcock University, Ilisan-Remo, Nigeria
  • Francis Ohiwere Oleghe LLB, LLM, MPhil, PhD candidate at Babcock University, Ilisan-Remo, Nigeria
  • Professor Yinka Olomojobi Professor of International Law, Babcock University, Ilisan-Remo, Nigeria

DOI:

https://doi.org/10.53704/fulaj.v1i2.538

Abstract

Against the backdrop of the rising popularity of arbitration in settling international commercial disputes and increasing access to justice, generally, and the relevance of Investor-state dispute settlement (ISDS) and International investment arbitration (IIA), as subsets of international commercial arbitration, particularly, as well as the growing concerns about ISDS and IIA and the agitation for the reform of these twin-subsets of international commercial arbitration, this paper assesses the imperative of IIA tribunals giving human rights norms prime consideration in ISDS cases, as one of the multiple reform-strategies for ISDS and IIA, which should yield to continuing attraction of both ISDS and IIA, as major components of international commercial arbitration. The paper finds that IIA tribunals giving human rights norms adequate consideration in ISDS cases is, indeed, inevitable, as a strategy for the continuing attraction of both ISDS and IIA in international commercial dispute settlement and it makes valuable contributions in that regard.

Keywords: Arbitration, ISDS, IIA, Justice, Human Rights   

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References

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Published

2024-04-28