The article by Professor's Bjorklund article underlines the complexity encountered by parties with respect to international investment litigation. The factors pertaining to this complexity are multiple and exist at virtually every stage in an investment operation. Among these factors of complexity, one can cite two important aspects:
? The bodies of law and norms that are interlinked are manifold
? The potentially applicable concepts are myriads and possess a hybrid nature in terms of investment law. This helps the concepts locate its corresponding principles both in private international law and public international law.
This philosophy of diversification of concepts and the mixture of logic, leads to a system that might declare a philosophy as one with lacking coherence, efficiency and thus uncertainty for the parties. To some extent, one might believe that this system will produce unfair results and will indirectly or directly abuse the process. Indeed, as the author demonstrates, adjudicatory competition among international tribunals is not advantageous for the parties that appear before them. There are two main reasons that make the international tribunal incapable of dealing with competition. These reasons are elucidated as under:
a. The available remedies and jurisdictional authority is very often fragmented among tribunals. This compels the parties to seek relief in multiple forays.
b. With respect to overlapping issues in tribunal jurisdiction and duplication in proceedings, the tools made available to the tribunals are very less. This leaves the tribunal in a very difficult situation of coping with adjudicatory competition.
[...] Secondly, the tribunals have little tools to deal with overlap issues in tribunal jurisdiction and duplication in proceedings. In this context, establishing a world commercial court that could hear all kinds of investment and trade related issues at once could be beneficial (of course, given the complexity of the different issues, such a court would have to be organized by specialities such as WTO law, investment law . Indeed, as it is underlined in Prof.'s Bjorklund article, the spheres of investment and trade are closely linked and any hermetic barriers between them are both artificial and counterproductive. [...]
[...] From the host states' perspective, a world commercial court would allow a fair competition among states to attract investors: this competition would be mainly based on economic and political considerations and not on dispute resolution mechanisms. One manifestation of a greater legal certainty offered to parties involved in investment disputes would be the progressive elaboration of a coherent body of case law that would allow investors to be able to precisely foresee the consequences of their acts/decisions. This legal certainty would give plain legitimacy to the world commercial court and would allow the ideas of justice and neutrality to dominate. [...]
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