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21 Atl. L.J. 1 (2019)
Addressing the Issues in Investor-State Arbitration: Is It Time for a New Direction

handle is hein.journals/atlanic21 and id is 13 raw text is: ATLANTIC LAW JOURNAL, VOLUME 21 ADDRESSING THE ISSUES IN INVESTOR- STATE ARBITRATION: IS IT TIME FOR A NEW DIRECTION? JAMES S. WELCH, JR.* 1. INTRODUCTION Throughout the over fifty-year history of the International Centre for Settlement of Investment Disputes (ICSID), there have been mixed reviews regarding the efficacy, efficiency, impartiality and transparency of the arbitration-based system for investor-state dispute settlements (ISDS). In 1966 the ICSID was established using voluntary arbitration as a mechanism for settling investment disputes between investors and host nations. It has grown tremendously since that time, both in terms of the numbers of ISDS cases and the financial amounts involved in the cases. Since its establishment, over 600 cases have been arbitrated by an independent conciliation commission or arbitral tribunal and the initial 20 signatories has grown to over 150 * Professor of Instruction, Sykes College of Business, The University of Tampa. Ph.D., University of South Florida, Tampa; J.D., University of Kentucky; M.A., University of Alabama; M.B.A., Florida State University; B.A., University of South Carolina.

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