International arbitration lawyers Lianjun Li, Matthew Townsend and Patrick Chong have co-authored the chapter on “Construction and Infrastructure.”
International construction disputes are on the rise. For instance, China's Belt and Road Initiative has given rise to a surge in cross-border construction projects, with PRC enterprises active in identifying construction and infrastructure projects in countries across Asia, Africa and Latin America; however, these investments, often made in places of economic or political instability, frequently give rise to commercial disputes between investors and host states.
Given the size and complexity of those projects, the resulting disputes tend to involve substantial claims. The increased incidence of disputes has focused attention on the remedies available for investors under investment treaties. In those treaties, which are intended to promote cross-border investment, states provide guaranteed protections to investors, which are often enforceable by binding international arbitration in a neutral jurisdiction.
An extract from The Investment Treaty Arbitration Review is available below.
The whole publication is available at thelawreviews.co.uk
Published in the United Kingdom by Law Business Research Ltd.