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Titlebook: Attracting African States Participation in a Multilateral Investment Court; Reforming Substantiv Afolabi Oluwatomiwa Adekemi Book 2024 The

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Book 2024 of their experiences with international investment agreements and the Investor-State Dispute Settlement (ISDS) system. It tackles the pervasive issues within the existing ISDS framework, emphasising the critical standpoint of African states on the desired ISDS reform. The text unpacks the foundatio
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,General Introduction: African States’ Introduction to the International Investment Law System,tate dispute settlement (ISDS) mechanism. It explores African states’ engagement with international investment agreements (IIAs) predominantly contracted based on old European models, including substantive and procedural guarantees now outdated even by European standards. Considering the ongoing ref
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The Existing ISDS System and Its Criticism from an African Perspective,the undesirable effect generated by the application of outdated substantive standards in disputes involving African states, and second, how the ISDS procedure itself, as applied by arbitral tribunals, has contributed to the increasing disenchantment with traditional ISDS in Africa. This sets the sta
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The Proposed MIC: Crucial Considerations for Acceptance by African States,ng the shortcomings of the traditional ISDS system. Emphasising the pursuit of sustainable development within its three pillars (economic development, social development, and environmental protection) as the driving force behind ISDS reform in Africa, this chapter demonstrates how the universality o
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Overview and Final Conclusions,n Africa, the MIC cannot become a desirable investment dispute resolution forum if the substantive and procedural guarantees in old-generation IIAs continue to apply in their vague and outdated form. Accordingly, the recommendations in this monograph present promising pathways to addressing crucial
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Partial Damage Mechanics: Introductiontate dispute settlement (ISDS) mechanism. It explores African states’ engagement with international investment agreements (IIAs) predominantly contracted based on old European models, including substantive and procedural guarantees now outdated even by European standards. Considering the ongoing ref
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