Recent Publications
by ICCA Members
(citations only)



Meg Kinnear, Introduction, ICSID, in Arbitration under International Investment Agreements: A Guide to the Key Issues, Second Edition, Katia Yannaca-Small ed., Oxford University Press (forthcoming, 2017)

Meg Kinnear, Co-author with Francisco Grob, Asian Agricultural Products Limited v. Sri Lanka: 25 Years Later, Arbitrating for Peace, Centennial Anniversary of the Arbitration Institute of the Stockholm Chamber of Commerce, Wolters Kluwer International (January 2017) 

Michael J Moser, Chiann Bao, A Guide to the HKIAC Arbitration Rules. Oxford University Press (Feb 2017).

Antonio R. Parra, The History of ICSID (2nd Edition). Oxford University Press (Feb 2017).


John Fellas and Rebeca Mosquera, “Pitfalls that Chinese Parties Should Avoid in Arbitration Against Non-Chinese Parties” in 19 Asian Dispute Review 1 (2017) pp. 15–21.

Carolyn B. Lamm and Karthik Nagarajan,The Continuing Evolution of Investor-State Arbitration as a Dynamic and Resilient Form of Dispute Settlement” in 5 Indian Journal of Arbitration Law 2 (2017) pp. 93-122.

Philippe Pinsolle and Suhaib Al-Ali, How Arbitrators Should Treat Prior Awards Rendered on the Same Contract” in 5 Indian Journal of Arbitration Law 2 (2017) pp. 43-54.

Ank Santens and Jaroslav Kudrna, “The State of Play of Enforcement of Emergency Arbitrator Decisions” in 34 Journal of International Arbitration 1 (2017) pp. 1–15.


Niuscha Bassiri, Maarten Draye (eds.), Arbitration in Belgium. Kluwer Law International (2016).

Ulf Franke, Annette Magnusson, Joel Dahlquist (eds.), Arbitrating for Peace: How Arbitration Made a Difference. Kluwer Law International (2016).

Richard Kreindler, Reinmar
Wolff and Markus S. Rieder, Commercial Arbitration in
Germany. Oxford University
Press (2016).

Crenguta Leaua, Flavius-Antoniu Baias (eds.), Arbitration in Romania: A Practitioner’s Guide. Kluwer Law International (2016).

Marike Paulsson, The 1958 New York Convention in Action.Kluwer Law International (2016). 


Mohamed S. Abdel Wahab, “Brexit’s Chilling Effect on Choice of Law and Arbitration in the United Kingdom: Practical Reflections Between Aggravation and Alleviation” in 33 Journal of International Arbitration 4/1 (2016) pp. 463–481.

Karim Abou Youssef "Consent Ltd.: A Brief History of Egypt’s Ministerial Approval Requirement for Arbitration of State Contracts and Why It Should Be Abolished" in BCDR International Arbitration Review (no 1, 2016) pp. 33-46.

K.H. Ameli, Ilias Bantekas, et al. “Task Force Paper regarding the proposed International Court System (ICS)” European Federation for Investment Law and Arbitration (2016)

Massimo Benedettelli, “Applying the UNIDROIT Principles in International Arbitration: An Exercise in Conflict” in 33 Journal of International Arbitration 6 (2016) pp. 653–686.

Klaus Peter Berger, “To what extent should arbitrators respect domestic case law? The German experience regarding the Law on Standard Terms” in  Vol 32 Arbitration International 2 (2016) pp 243-259.

Jennifer Cabrera, Dante Figueroa, Herfried Wöss, "The administrative contract, non-arbitrability, and the recognition and execution of awards annulled in the country of origin: the case of Commissa v. Pemex", (2016) 32 Arbitration International 1, 125-48.

Alfonso Gomez-Acebo,
Party-Appointed Arbitrators
in International Commercial Arbitration International Arbitration Law Library, Volume 34 (Kluwer Law International 2016)

Hilary Heilbron QC, “Dynamics, discretion, and diversity: a recipe for unpredictability in international arbitration” in Vol 32 Arbitration International 2 (2016)
pp 261-274.

Duarte Gorjão Henriques, “Arbitrability of disputes in computer program rights under the Portuguese Law: General Overview”.

Mélida Hodgson, “Churchill Mining PLC and Planet Mining Pty Ltd v Republic of Indonesia: Procedural Order No 15: Reconsideration under the ICSID Convention: No Award Required” in 31 ICSID Review 1 (2016) pp 1-8.

Malcolm Holmes, Luke Nottage, Robert Tang, “The 2016 Rules of the Australian Centre for International Commercial Arbitration: Towards Further ‘Cultural Reform’” in 12 Asian International Arbitration Journal 2 (2016) pp. 211–234.

Jean-Christophe Honlet, “Recent decisions on third-party funding
in investment arbitration" in
30 ICSID Review 3 (2016) pp 699-712.

Ben Juratowitch, "Waiver of State Immunity and Enforcement of Arbitral Awards" (2016) 6 Asian Journal of International Law 199.

Philippe Leboulanger, "Mixed Courts of Egypt and International Arbitration" (3, No 1, 2016) pp. 23-32.

Judith Levine, "Climate Change Disputes: The PCA, The Paris Agreement and Prospects for Future Arbitrations" in The ACICA Review (4, No. 1, 2016)

Marike Paulsson, "Arbitrating and enforcing against States in Latin America: An agreement without strings attached: imposing parochial notions of the sovereign", v.6, n. 15 Revista Comercialista (2016) pp 37-45.

Manuel Pereira Barrocas, “A arbitragem no direito da União Europeia” in 13 Revista Brasileira de Arbitragem 52 (2016) pp. 55–67.

Steffen Pihlblad and Johan Tufte-Kristensen, “Challenge Decisions at the Danish Institute of Arbitration”, in 33 Journal of International Arbitration 6 (2016) pp. 577–651.

Hilmar Raeschke-Kessler, “The Arbitrator Nominated by an Insolvency Receiver or Liquidator and Conflicts of Interest” in 34 ASA Bulletin 4 (2016) pp. 866-875.

Christophe Seraglini "Le droit applicable à l’autorité de la chose jugée dans l’arbitrage" in Revue de l’Arbitrage (2016, No 1, 2016) pp. 51-75

Stephan Wilske, “Linguistic and Language Issues in International Arbitration - Problems, Pitfalls or Paranoia?”, in 9 Contemporary Asia Arbitration Journal 2 (Nov 2016) pp. 159-196.

Stephan Wilske and Chloë Edworthy, “The Essential Qualities of an Arbitrator - What Appointing Parties Must, Should and May Like to Consider” in 23 Croatian Arbitration Yearbook (2016) pp. 101-119.

Stephan Wilske, “Significant Differences in International Arbitration in the “East” and the “West”: Myth, Reality, or Lost in Globalization?” in Lo, Chang-fa, Li, Nigel, Lin, Tsai-yu, eds., Legal Thoughts between the East and the West in the Multilevel Legal Order – A Liber Amicorum in Honour of Professor Herbert Han-Pao Ma, Springer (Nov 2016) pp. 543-553.

Herfried Wöss, "Systemic Aspects and the Need for Codification of International Tort Law Standards", in Andrea K. Bjorklund, John Gaffney, Fabien Gélinas, Herfried Wöss (eds.), TDM Special on CETA



Domitille Baizeau and Bernd Ehle (eds.), Stories from the Hearing Room: Experience from Arbitral Practice (Essays in Honour of Michael E. Schneider). Kluwer Law International (2015). 

Klaus Peter Berger,  Private International Dispute Resolution in International Business Negotiation, Mediation,  Arbitration (Third Edition). Kluwer Law International (2015).

Karl-Heinz Böckstiegel, Stefan Kröll and Patricia Nacimiento (eds.), Arbitration in Germany: The Model Law in Practice (Second Edition). Kluwer Law International (2015).

David D. Caron, Stephan W. Schill, Abby Cohen Smutny and Epaminontas E. Triantafilou, Practising Virtue: Inside International Arbitration (Oxford University Press, 2015)

Kinnear, Meg, Co-editor with Geraldine R. Fischer, Jara Minguez Almeida, Luisa Fernanda Torres and Mairee Uran Bidegain, Building International Investment Law: The First 50 Years of ICSID, Wolters Kluwer (December 2015)


K.H. Ameli, “Iranian Law of Loss of Profits in International Arbitration” in 12 Transnational Dispute Management 2 (2015).

Ben Juratowitch, "Hydrocarbons in Disputed Areas" (2015) 44(4) International Law News 1.

Aloysius P. Llamzon, “The State of the Unclean Hands Doctrine in International Investment Law: Yukos as Omega and Alpha”, 30 ICSID Review (2015) pp. 315-325.

Aloysius P. Llamzon, “On Corruption’s Peremptory Treatment in International Investment Arbitration”, in Domitille Baizeau and Richard Kreindler (Eds.) Addressing Issues of Corruption in Commercial and Investment Arbitration, Dossiers of the ICC Institute of World Business Law (ICC 2015) pp. 32-50.

Fiona Poon and Ina Popova, “From Perpetual Respondent to Aspiring Counterclaimant? State Counterclaims in the New Wave of Investment Treaties”, BCDR International Arbitration Review, Vol. 2 No. 2 (December 2015),
pp. 223-260.

Dr. Stephan Wilske, “Sanctions against Counsel in International Arbitration - Possible, Desirable or Conceptual Confusion?” in 8 Contemporary Asia Arbitration Journal 2 (2015) pp 141-184.

Nassib G. Ziadé, “Taking of Evidence in Arbitration: The Arab Experience”, in A. Carlevaris,
L. Lévy, A. Mourre & E. A. Schwartz (Eds.) International Arbitration Under Review: Essays in Honour of John Beechey (ICC Publications 2015) p.435.

Nassib G. Ziadé, “Addressing Allegations and Findings of Corruption: The Arbitrator’s Investigative and Reporting Rights and Duties”, in Domitille Baizeau and Richard Kreindler (Eds.) Addressing Issues of Corruption
in Commercial and Investment Arbitration, Dossiers of the ICC Institute of World Business Law
(ICC 2015) pp. 114-133.

Nassib G. Ziadé, “How Should Arbitral Institutions Address Issues of Conflicts of Interest?”, in Mohamed Abdel Raouf, Philippe Leboulanger & Nassib G. Ziadé (Eds.) Festschrift Ahmed Sadek El-Kosheri: From the Arab World
to the Globalization of International Law and Arbitration (Wolters Kluwer 2015) p. 211.



Bartos, David and Hew Dundas, Dundas and Bartos on the Arbitration (Scotland) Act 2010 (2nd edition). W. Green (2014).

Philippe Bärtsch and Dorothee Schramm, Arbitration Law of Switzerland: Practice & Procedure. Juris Publishing (2014). 

Bishop, R. Doak, James  Crawford and W. Michael  Reisman (eds.), Foreign Investment Disputes: Cases, Materials and Commentary. Kluwer Law International (2014).

Born, Gary. International Commercial Arbitration. Kluwer Law International (2014).

de Andrade Levy, Daniel. Ana Gerdau de Borja & Adriana Noemi Pucci (eds.), Investment Protection in Brazil. Wolters Kluwer Law & Business (2014).

Llamzon,Aloysius P., Corruption in International Investment Arbitration. Oxford University Press (September 2014).

Mark Mangan, Reed, Lucy and John Choong,  A Guide to the SIAC Arbitration Rules. Oxford University Press (August 2014).

Kreindler, Richard, Competence-Competence in the Face of Illegality in Contracts and Arbitration Agreements. Hague Academy of International Law (2013).

Newman, Lawrence W. and Richard D. Hill (eds.), The Leading Arbitrators’ Guide to International Arbitration, Third Edition. JurisNet (April 2014).

Paulsson, Jan. The Idea of Arbitration. Oxford University Press (2013).

Pihlblad, Steffen, Christian Lundblad, & Claus Søgaard-Christensen, Arbitration in Denmark. Djøf Forlag (2014).

Pulkowski, Dirk. The Law and Politics of International Regime Conflict.Oxford University Press (2014).

Wang, Guiguo and Fan Yang (eds.), Mediation and its Impact on Legal Systems in Asia- Pacific. Wolters Kluwer Law & Business and CCH Hong Kong (2013).

Wöss, Herfried, Adriana San Román Rivera, Pablo Spiller, and Santiago Dellepiane, Damages in International Arbitration under Complex Long-term Contracts. Oxford University Press (March 2014).


Affaki, Georges,  “L’arbitrage en matière bancaire et financière”, Rapport du Groupe de travail du Comité français de l’arbitrage sur l’arbitrage en matière bancaire et financière, in 3 Paris Journal of International Arbitration (2014) pp 419-463.

Affaki, Georges with A. Koenig, Nouvelles tendances de l’arbitrage international en Afrique : Le cas des litiges financiers in 3 Revue de l’arbitrage (2014) pp 545-592.

Affaki, Georges, “Revisiting the Pari Passu clause” inSovereign Debt Management, R. Lastra and L. Buchheit (Eds.), OUP (2014) pp. 39-49.

Amor, Bernardo Sepulveda and R. Doak Bishop, “Enforceability of Arbitral Awards: Customary Law, State Responsibility, and the Role of the International Court of Justice” in 8 World Arbitration and Mediation Review 4 (2014).  

Andersen, Steven K., Stephen P. Anway and Jennifer Gorskie, “ICDR Tertulia Sessions Gaining Popularity” in 69 Dispute Resolution Journal 1 (2014)

Bosman, Lise, “The PCA’s contribution to international dispute resolution in Africa”, 25 Stellenbosch Law Review 2 (2014) pp. 308-327.

Cavalieros, Philippe. “In-House Counsel Costs and Other Internal Party Costs in International Commercial Arbitration”, 30 Arbitration International 1 (2014) pp. 145-152.

Cheah Nicholls, Anthony and Christopher Bloch, “ICC Hybrid Arbitrations Here to Stay: Singapore Courts’ Treatment of the ICC Rules Revisions in Articles 1(2) and 6(2)” in 31 Journal of International Arbitration 3 (2014), pp. 393-412.

Dupeyron, Carine and Marie Valentini, “Legal instruments used in the search for evidence in support of arbitration: a comparative study of Art. 145 of the French Code of civil procedure and S.28 U.S.C. § 1782 in the United States” in International Business Law Journal (December 2013), pp. 533- 558.

Fellas, John, “International Arbitration Under the Bermuda Form” in 8 Dispute Resolution International 2 (October 2014).

Fox, Todd J., Isabelle Michou, Stephan Wilske, and Gerold Zeiler, “What’s New in European Arbitration?” in 69 Dispute Resolution Journal 4 (February 2014), pp. 99-108.

Giusti, Gilberto and Ricardo Dalmaso Marques, “Dispute Resolution in Brazil” in Silvia Fazio, ed., Brazilian Commercial Law – A Practical Guide, Kluwer Law International (2013) p. 271.

González De Cossío Francisco, “Ejecución de laudos anulados: hacia una mejor aproximación analítica” in Spain Arbitration Review | Revista del Club Español del Arbitraje 21 (2014) pp. 37 - 49.

González De Cossío, Francisco, “El Prurito del Perito” in 11 Revista Brasileira de Arbitragem 41 (2014) pp. 100-106.

Gorjão Henriques, Duarte “The extension of arbitration agreements: a “glimpse” of connectivity?” in 34 ASA Bulletin 1 (2014), pp. 18-36.

Heilbron, Hilary. “Assessing Damages in International Arbitration: Practical Considerations” in 1 Journal of Damages in International Arbitration 1 (2014).

Honlet, Jean-Christophe. “The IBA Guidelines on Party Representation in International Arbitration”, 30 Journal of International Arbitration 6 (2013) pp. 701-709.

van Houtte, Hans and Maurizio Brunetti, “Investment Arbitration - Ten Areas of Caution for Commercial Arbitrators”, 29 Arbitration International 4 (2013) pp. 553-574. 

Huck, Hermes Marcelo, Rogério Carmona Biano, and Fábio Peixinho Gomes Corrêa, “Brazil”, Getting the Deal Through - Arbitration (2014), pp. 111-117.

Hughes, Sarah Kimberly and Stephan Wilske, “Investment Treaty Arbitration Involving Turkey and Turkish Parties“  in Ismail Esin/Ali Yesilirmak (eds.) Arbitration in Turkey – Law and Practice (2015) pp. 241-263.

Kinnear, Meg, “Grotius Lecture: Navigating International Dispute Resolution: Innovations in Investor–State Arbitration” in 6 Arbitraje: Revista de Arbitraje Comercial y de Inversiones 3 (2013), pp. 653-674.

Lee, Michael, “Existence of Arbitration Agreements – The Tension between Arbitral and Curial Review” in 10 Asian International Arbitration Journal 2 (2014) pp. 67 - 91.

Liebscher, Christoph, “Antitrust and Arbitration” in The Austrian Yearbook on International Arbitration 2013, pp. 113- 124.

Michou, Isabelle, Todd J. Fox and Gerold Zeiler, “What’s New In European Arbitration?” in 68 Dispute Resolution Journal 4 (2013), pp. 101-108.

Michou,Isabelle, Stephan Wilske, Gerold Zeiler and Todd J. Fox, “What’s New In European Arbitration?” in 69 Dispute Resolution Journal 2 (2014) pp. 99-105.

Norton, Patrick M., “Use of Precedents in Investment Treaty Arbitration Awards” in 25 American Review of International Arbitration 2 (December 2014).

Park, William W., “A Fair Fight: Professional Guidelines in International Arbitration” 30 Arbitration International 3 (2014) pp. 409-428.

Paulsson, Jan, “Why Good Arbitration Cannot Compensate for Bad Courts”, 30 Journal of International Arbitration 4 (2013) pp. 345-360.

Popova, Ina C. and Mark W. Friedman, “Can State Counterclaims Salvage Investment Arbitration?” in 8 World Arbitration and Mediation Review 2 (2014).

Radicati di Brozolo, Luca G., “Enforcement of Annulled Awards: Further Reflections in Light of Thai-Lao Lignite” in 25 American Review of International Arbitration 1( August 2014).

Radjai, Noradèle and Johannes Landbrecht, “Relevance of original bargain in gas price reviews” in International Law Office (2014).

Rajoo, Sundra, “KLRCA’s New I-Arbitration Rules: Islamic Finance in the Global Commercial Arena” in 6 International Journal of Arab Arbitration 2 (2014) pp. 5 - 19.

Sabater, Aníbal and Glen Banks, “Flintlock: Precluding Punitive Damages in Arbitration” 252 in New York Law Journal 57 (September 2014).

Sabater, Aníbal and J. Kaye,“Why the 'Sunday' case does not impact on international arbitration” in Global Arbitration Review (July 2014).

Sabater, Aníbal and Mark Stadnyk, ”International Arbitration and Energy: How energy disputes shaped international investment dispute resolution” in Kim Talus, ed., Research Handbook on International Energy Law, Edward Elgar (2014) p 199.

Shahdadpuri, Khushboo, “The Natural Justice Fallibility in Singapore Arbitration Proceedings” in 26 Singapore Academy of Law Journal (2014) pp 562-581.

Al Tamimi, Essam, “Enforcement of Foreign Arbitration Awards in the Middle East” in Nassib G. Ziadé (ed), 1 BCDR International Arbitration Review 1 (2014) pp. 95 - 104.

Waincymer, Jeffrey, “Regulatory Developments in the Control of Counsel in International Arbitration – The IBA Guidelines on Party Representation in International Arbitration and the New LCIA Rules and Annex” 30 Arbitration International 3 (2014) pp. 513-552.

Wehland, Hanno, “The Transfer of Investments and Rights of Investors under International Investment Agreements – Some Unresolved Issues” 30 Arbitration International 3 (2014) pp. 565-576.

Williams, David A.R., “Defining the Role of the Court in Modern International Commercial Arbitration” in 10 Asian International Arbitration Journal 2 (2014) pp. 137 - 179.

Wilske, Stephan, Isabelle Michou, and Gerold Zeiler, “What’s New In European Arbitration?” 68 Dispute Resolution Journal 3 (2013) pp. 81-90.

Wilske, Stephan, The Ailing Arbitrator – Identification, Abuse and Preventing of a Potentially Dangerous Delaying and Obstruction Tool” in 7 Contemporary Asia Arbitration Journal 2 (November 2014), pp. 279-308.

Wilske, Stephan, “Dissenting Opinion on Dissenting Opinions in International Arbitration” in Reinhold Geimer, Athanassios Kaissis and Roderich Thuemmel, eds., Festschrift für Rolf A. Schütze zum 80. Geburtstag, C.H. Beck (2014) pp. 729-738.

Herfried Wöss and Adriana San Román Rivera, “Damages in International Arbitration with respect to Income Generating Assets or Investments in Commercial and Investment Arbitration” in Journal of Damages in International Arbitration 1 (2015).

Herfried Wöss, Dante Figueroa and Jennifer Cabrera, “El contrato administrativo, inarbitrabilidad y el reconocimiento de laudos anulados en el país de origen. El Caso Commisa” in 6 Revista Lima Arbitration (2014) pp. 77-106.

Zeiler, Gerold with Michael Nueber, “Decisions of the Austrian Supreme Court on Arbitration in 2012 and 2013” in Austrian Yearbook on International Arbitration 2014, pp. 241-248.

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Articles by ICCA Governing Board Members

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Jan Paulsson, "Moral Hazard in International Dispute Resolution" (Inaugural Lecture as holder of Michael R. Klein Distinguished Scholar Chair, University of Miami School of Law, 29 April 2010) by Prof. Jan Paulsson
Professor Paulsson's inaugural lecture at the Miami School of Law examines "moral hazards" in the legal resolution of international disputes, with reference to certain practices of arbitrators and arbitral institutes.
Jan Paulsson, "Unlawful Laws and the Authority of International Tribunals" (Lalive Lecture, Geneva, 27 May 2009), in 23(2) ICSID Review/FILJ (2008) by Prof. Jan Paulsson
This article examines some of the issues that arise in applying norms of national and international law, noting the need to pay due regard to the norms of national law as a whole.
Jan Paulsson, "Arbitration in Three Dimensions", LSE Law, Society and Economy Working Papers 2/2010, London School of Economics and Political Science, Law Department, published at by Prof. Jan Paulsson
This paper examines the philosophical basis of modern arbitration, concluding that it is a complex, three-dimensional form of pluralism, in which legal orders are not exclusively those of States and may overlap.
Jan Paulsson, “Unlawful Laws and the Authority of International Tribunals” (2009 Lalive Lecture, Geneva, 27 May 2009) by Prof. Jan Paulsson
This lecture examines the role of national law in resolving international disputes, arguing that arbitrators have a duty to apply national law in the broadest sense, including its most fundamental norms.
Jan Paulsson, “Enclaves of Justice” (Lecture given at the Rule of Law Conference, University of Richmond School of Law, 12 April 2007) by Prof. Jan Paulsson
Is the Rule of Law a "Misrule of Law"? Analysis of the Rule of Law. Possible solutions for judicial corruption.
Jan Paulsson, “Arbitration Unbound: Award Detached from the Law of its Country of Origin” International and Comparative Law Quarterly (April 1981) p. 358 by Prof. Jan Paulsson
May the arbitral process, in the context of international commerce, be detached from the legal system of the country where the proceedings take place?
Jan Paulsson, “Arbitration Without Privity” 10(2) ICSID Review – Foreign Investment Law Journal p. 232 (Fall 1995) by Prof. Jan Paulsson
A new territory for international arbitration: investment arbitration before ICSID, a further look at NAFTA and the Energy Charter Treaty as focal points for other such treaties, and also national laws and bilateral investment treaties (BITs).
Jan Paulsson, “Ghosts of Chorzów. Maha Nuñez-Schultz v. Republic of the Americas” in International Investment Law and Arbitration: Leading Cases from the ICSID, NAFTA, Bilateral Treaties and Customary International Law (Todd Weiler, ed. 2009) by Prof. Jan Paulsson
Analysis of the hypothetical case Maha Nuñez-Schultz v. Republic of the Americas and the hypothetical decision rendered by “the Supreme Court of the Americas” in the year 2254.
Jan Paulsson, “Jurisdiction and Admissibility” in Global Reflections on International Law, Commerce and Dispute Resolution, Liber Amicorum in honour of Robert Briner (2005) p. 601 by Prof. Jan Paulsson
The importance of the distinction between the two concepts, the risk of confusing these two and the consequences thereof. Also available in ICC DRL, see
Jan Paulsson, “El poder de los Estados para hacer promesas significativas a los extranjeros”, 6(21) Revista de Economía y Derecho (2009) p. 7 by Prof. Jan Paulsson
Los Estados tienden a molestarse cuando un extranjero alega que han violado obligaciones legales. Los Estados se irritan aún más cuando deben defenderse ante una corte o un tribunal internacional. ¿Es esto una violación de su soberanía? ...
Jan Paulsson, “International Arbitration is Not Arbitration”, 2 (2008) Stockholm International Arbitration Review (2008) p. 1 by Prof. Jan Paulsson
This article is adapted from a presentation made by Jan Paulsson for the John E.C. Brierley Memorial Lecture at McGill University in Montreal, Canada on 28 May 2008.