A comparative study of the principles of international commercial arbitration with an emphasis on the protection of foreign investment

دانشنامه حقوق اقتصادی

Volume 31, Issue 26, March 2025, Pages 1-18   

Document Type: Scientific research

DOI: 10.22067/economlaw.2025.91180.1411

Authors

Sanaz Eshaghzadeh¹; Ruholah Akhondi Roshanavand^{* 2}; Mohsen Hoseinipouya³

¹PhD Strudent in Private Law, Department of Private Law, Neyshabur Branch, Islamic Azad University, Neyshabur , Iran.

²Assistant professor, Department of Law, Faculty of Social Sciences, Payam Noor University, Tehran, Iran.

³Assistant professor, Department of Law, Neyshabur Branch, Islamic Azad University, Neyshabur , Iran.

Abstract

Nowadays, arbitration is the most common method of resolving disputes arising from foreign investment in international trade. The inclusion of an arbitration clause in foreign investment contracts is actually a guarantee for investment protection.Therefore, arbitration and especially the appropriate, new and advanced international commercial arbitration laws and principles in all countries, without exception, can play a significant role in supporting and ultimately increasing foreign investment, and this itself is a proof of the importance and necessity of international commercial arbitration laws, including in the system It is legal in Iran.In this research, we are trying to find out the influence of the principles of international commercial arbitration to attract maximum investment while doing analytical and comparative research.Undoubtedly, by relying on the three basic principles of commercial arbitration, i.e. the principle of limiting the intervention of the courts, the principle of independence and impartiality of the arbitrator, and the principle of non-immunity of the government, the worry and fear of foreign investors regarding the application of unfair laws of a foreign country has been reduced and for the parties of foreign investment, fair proceedings It is brought.Based on this, while theoretically examining the mentioned three principles, we will have a comparative look at the approach of legal systems in line with the application of these principles to support foreign investment.

Keywords

arbitration; investment; Rules

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