How to BITe the Apple - Is there a requirement to exhaust local remedies in investment treaty arbitration?
The principle that a mistreated foreign national has to attempt to be remedied in the host State before resorting to international measures has deep roots in international law. It is regarded as customary international law within the field of diplomatic protection, from which it has spread into other legal fields, one of them being arbitral proceedings under international investment agreements. S
