International investment law is entering a critical new era, and so is the
People’s Republic of China’s participation therein. On the one hand, the world’s
three largest economies—namely, the US, EU, and the People’s Republic of
China (henceforth, China)—are engaging in intensive negotiations that are
likely to reshape the international investment treaty landscape witnessing a
“Global BIT 2.0.”1 On the other hand, investor-state dispute settlement (ISDS)
cases continue to grow with ICSID registering a new record number of cases
in recent years,2 amid intensified debates worldwide as to the future of the
ISDS system.
1