Journal Article

EU Investors versus EU States: International arbitration of investment disputes


  • Nunnenkamp
  • P.
  • Donaubauer
  • J.
Publication Date

Recent information on investor-state dispute settlement, collected by UNCTAD, suggests that European investors are more litigious than non-European investors. Most of the intra-EU claims for financial compensation are directed at relatively poor respondent states in Central Europe. However, private investors win surprisingly few intra-EU disputes. The appointment bias of arbitrators and the composition of tribunals appear to matter for the outcome of investor-state dispute settlement.


JEL Classification

Key Words

  • arbitration tribunals
  • biased arbitrators
  • intra-EU disputes
  • investor-state dispute settlement