Article
Extending International Legal Aid from Trade to Investment: An Advisory Centre on International Investment Law
Global Trade and Customs Journal
(2021)
Abstract
Several mechanisms at the international level provide legal aid to lower-income States to strengthen ‘access to justice’ and ‘equality among States’, whether through direct financial support or institutional legal assistance. After reviewing the concept of international legal aid, this article makes the case for the creation of an Advisory Centre on International Investment Law (ACIIL) to provide support to respondent States involved in disputes brought by private investors based on international investment treaties and other instruments, as part of investor-State dispute settlement (ISDS). The increasing costs, complexity and number of investor-State arbitrations have strengthened the need for an international legal aid mechanism in this area, to put under-resourced developing countries in a better position to have affordable access to justice and defend themselves adequately in international investment disputes. This would level the playing field, strengthen the confidence of governments in a reformed investment regime and thereby enhance its legitimacy. Drawing on the experience of the Advisory Centre on WTO Law (ACWL), the article discusses the rationale, key features and current policy challenges of an Advisory Centre on International Investment Law.
Disciplines
Publication Date
September, 2021
Citation Information
Karl P. Sauvant and Federico Ortino, “Extending International Legal Aid from Trade to Investment: An Advisory Centre on International Investment Law,” Global Trade and Customs Journal, vol. 16 (September 2021), pp. 548-554.