Muradov, Yu. G . State Institution and International Investment Arbitrage

Abstract: The article studies the issues of international law regulation of investment disputes between states and foreign investors taking into account the fact that participation of a state institution remains one of the key issues in international investment law. International investment arbitrage is closely connected with the international procedural right. Institutional grounds for legal mechanisms of resolution of investment disputes, or international investment arbitrage as it is commonly referred t o in the Western theory and practice, were already established in 1965 when the Washington Convention had been adopted. The Convention created the International Centre for Settlement of Investment Disputes (ICSID). International arbitrage procedures make the issues of state immunity even more actual.

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