Chapter 2 Characteristics of the international regime of investor-state dispute settlement
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Chapter 2 also serves a foundational purpose and seeks to fulfil two functions: to introduce key concepts and procedures of the existing ISDS regime that are critical in understanding the global drive for reform in this field; and to provide non-specialist readers with an overview of the investment treaty regime. In so doing, the chapter thus addresses issues such as the general features of IIAs, the principal modes of dispute settlement under existing IIAs (that is, ISDS) and the principal features of the current ISDS regime (that is, its mechanics for jurisdiction, consent, applicable law, rules of procedure, cost and duration, recognition and enforcement of awards and the challenge and review of awards).

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