INTERNATIONAL INVESTMENT LAW AND THE CONTINUED RELEVANCE OF THE INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES

Abstract

Globalization in today's world brought about massive social, economical and technological advancement to man in his quest to rediscover himself. The zeal to explore and exploit a global market in his bid to control his economic sphere crested a proximity which became desirable for all stake holders to complete in accessing the benefits that is embedded in this global rat race. Advancement in modern technology with its attendant communication super highway made it possible for man to transfer large volume of finance and capital as well as market information across horizontal boundaries. This invariably made the State to yield to fluid regulation as geographical boundaries were giving way to one commercial space. It then became imperative that there should be in existence; adequate legal measures that should be put in place to protect foreign investors and foreign capital investments both under the state laws of host communities and motional law. The extent to which; the rules of international law offers, protecting to foreign investment in their countries becomes the gravamen of this article.