There is a wealth of material that shapes the law of State responsibility for breaches of investment contracts. First impressions of an unsettled or uncertain law have thus far gone unchallenged. But unchallenged first impressions point to the need for a detailed study that investigates and analyses the sources, the content, the characteristics, and the evolution of this law. The argument at the heart of this monograph is that the law of state responsibility for breaches of investment contracts has carved a unique and distinct trajectory from the traditional route for the creation of international law, developing principally from arbitral awards, and mimicking, to a considerable extent, the general international law on the protection of aliens and alien property. This book unveils the remarkable journey of the law of state responsibility for breaches of investment contracts, from its origins, to its formation, to its arrival at the cusp of maturity.

Foreword The The Committee Committee of of Ministers Ministers of of the the Council Council of of Europe Europe by by a a Re Re solution of 6th February I958, authorised the publication of a solution of 6th February I958, authorised the publication of a Yearbook Yearbook of of the the European European Convention Convention on on Human Human Rights. Rights. The The present present Volume Volume of of the the Yearbook Yearbook is is the the third third in in the the series. series. The The Yearbook, Yearbook, being being prepared prepared by by the the Directorate Directorate of of Human Human Rights of the Council of Europe, does not involve the responsibility Rights of the Council of Europe, does not involve the responsibility either either of of the the European European Commission Commission or or of of the the European European Court Court of of Human Human Rights. Rights. In In particular, particular, the the summaries summaries of of the the decisions decisions of of the Commission cannot be quoted against the actual texts of these the Commission cannot be quoted against the actual texts of these decisions. decisions.