Alternative Dispute Resolution for Stakeholders in International Investment Law
- Publisher: Oxford University Press
Journal of International Economic Law
This article discusses several alternative dispute resolution (ADR) mechanisms that intend to address complaints from civil society stakeholder groups that may suffer as a consequence of foreign direct investment. ADR methods such as mediation are well suited to resolving international investment disputes of this nature because these methods are more accessible to such stakeholders in the developing world where conventional fora such as civil courts may be unavailable, not independent, or else too expensive. The article explores common stakeholder grievance procedures within the international development banks that fund investment projects in the developing world. It then examines the national contact points procedures established under the Organization for Economic Cooperation and Development as well as a new office maintained by the Canadian government for complaints regarding foreign investment in the extractive sector. The article concludes by recommending ways in which participation in these types of processes by investors and other stakeholders can be improved through mandatory provisions in international investment agreements. The Author 2012. Published by Oxford University Press. All rights reserved., Oxford University Press.