International investment law and arbitration is its own 'galaxy', made up of thousands of treaties to be read in relation to hundreds of awards. It is also diverse, as treaty and arbitration practices display nuances and differences on a number of issues. While it has been expanding over the past few decades in quantitative terms, this galaxy is now developing new traits as a reaction to the criticisms formulated across civil society in relation to the protection of public interest. This textbook enables readers to master and make sense of this galaxy in motion. It offers an up-to-date, comprehensive and detailed analysis of the rules and practices which form international investment law and arbitration, covering its substantive, institutional and procedural aspects. Using analytical and practice-oriented approaches, it provides analyses accessible to readers discovering this field anew, while it offers a wealth of in-depth studies to those who are already familiar with it.

Adopts a contextual approach, grounding the material in the context of how international investment law interacts with other areas of law, and how it works in practice
Provides in-depth analyses of treaty rules and practices in international investment law and arbitration
Provides in-depth analyses of arbitration practices pertaining notably to jurisdiction and admissibility, liability, quantum, costs, provisional measures, annulment as well as a broad range of specific procedural matters
Instructors organising their classes will benefit from an online digest that highlights the international investment agreements as well as the arbitral awards and decisions which are best illustrative of the nuances and differences displayed by treaty and arbitration practices

1. The History of International Investment Law and Arbitration
2. The Sources of International Investment Law and Arbitration
3. Introduction to the Substantive Rules Protecting Foreign Investments and Public Interests
4. Promotion, Facilitation, Admission and Establishment of Foreign Investments
5. Standards of Treatment
6. The Protection Against Illegal Expropriation
7. Public Interest Limitations on Foreign Investors' Protection
8. Obligations to Protect and Respect Public Interests
9. Insurance Against Political Risks
10. Classification of Investment-related Disputes and Dispute Settlement Mechanisms
11. Investor-State Arbitration: Historical, Institutional and Procedural Dimensions
12. Applicable Law and Interpretation
13. Provisional Measures
14. Jurisdiction and Admissibility
15. Investor-State Arbitration and the Law of State Responsibility:Attribution, Circumstances Precluding Wrongfulness and Reparation
16. ICSID Convention Annulment Proceedings.