Issue:  2616-9185
Publication Date:  2019
Publication Name:   Multi-Knowledge Electronic Comprehensive Journal For Education And Science Publications( MECSJ )
 

This could weaken its legal status, or rather establish a balance in a potential contract between a foreign investor who is a person governed by private law and a common law State. In this context, States will seek to create an investment climate by updating their legislation, keeping abreast of global developments, and concluding agreements to encourage investment. One of the guarantees sought by any investor is not to submit to its national jurisdiction any disputes that may arise in connection with its investment in that State since it is not impartial in the eyes of the investor. To this end, States have sought a solution to attract investment through another possible means of resolving disputes that may arise in connection with such investments, which constitute both a guarantee and an attraction for investors. The solution was to arbitrate and submit disputes that might arise between the parties to an independent body chosen by the parties, the aspirations of States and investors as to the existence of such bodies have led to the conclusion of the ICSID Convention.