Fair and Equitable Treatment and The Right to Regulate in International Investment Law
When a state adopts a new law or enforces an existing law, it risks breaching its obligations under an International Investment Agreement (IIA). According to the regulatory chill theory, a state will refrain from regulating due to the risk of being sued by an investor under the Investor-State Dispute Settlement (ISDS) system. The purpose of the thesis is to examine the issue of the “regulatory chi
