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INTRODUCTION Distinguished Thomas W. Wälde, in his speech given in 2004, insightfully provided his fundamental judgment towards the current international investment law: modern international investment law develops now mainly out of cases, and less out of treaties (Italics added)1. If Wälde's judgment is sound - I personally agree on this judgment, it can be inferred from this judgment that much more attention than before should be paid to various roles involved in "cases", and the arbitrators who are responsible for the presiding arbitration proceedings are undisputedly the foremost ones,.2 The author, in this article, wants to discuss the significance of arbitrators under the Mechanism of the International Centre for Settlement of Investment Disputes (ICSID) under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (hereinafter "Washington Convention"). In Part One, the author briefly analyzes the special characteristics of ICSID mechanism and IcsiD arbitrators, which are compared with commercial arbitration. In Part Two, the author discusses the participation of nationals from developing states and developed states respectively into ICSID mechanism by examining empirically the status quo of the nationality structure of ICSID arbitrators during the period of 1996-2007 and finds that serious imbalance
Journal of World Investment and Trade – Brill
Published: Jan 1, 2008
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