47 Va. J. Int'l L. 953 (2006-2007)
The Lopsided International Investment Law Regime and Its Effect on the Future of Investor-State Arbitration

handle is hein.journals/vajint47 and id is 961 raw text is: I   NOTE          I
The Lopsided International Investment Law
Regime and Its Effect on the Future of
Investor-State Arbitration
OLIVIA CHUNG*
Introduction  ............................................................................... 954
The  Lopsided  A greem ent .......................................................... 956
A.    Unequal BIT Negotiation Process ................................... 957
B.    Vague, Open-Ended Treaty Rights .................................. 959
II.    The Dilemma of Developing Countries ..................................... 962
A.    Burdensome Restrictions on Sovereignty ........................ 963
B.    Inequitable and Excessive Arbitral Awards ..................... 965
C.    Lack of Recourses Within the Current BIT Regime ........ 966
III.   States Escaping the Unfair BIT Regime by Defying
A rb itration  ................................................................................. 969
A.    Indonesia: The Patuha, Himpurna and Karaha Bodas
P rojects  ............................................................................ 9 70
B.    Pakistan: The HubCo Controversy .................................. 973
C .   Russia  and  O thers  ............................................................ 974
C onclu sion  ................................................................................. 9 75
* J.D. expected May 2008, University of Virginia School of Law.

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