“FRAGMENTATION” OF INTERNATIONAL LAW AS A STRATEGY FOR REFORMING INTERNATIONAL INVESTMENT LAW

in The Italian Yearbook of International Law Online
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International economic law (IEL) continues to evolve through dialectic processes of unilateral, bilateral, regional and worldwide regulation aimed at protecting cosmopolitan rights and transnational rule of law in mutually beneficial economic cooperation among citizens in a globalizing economy (section 1). The more transnational protection of cosmopolitan rights (e.g., human rights, trading, investor and social rights) depends on multilevel cooperation among national and international courts, the stronger becomes the need for justifying “multilevel judicial governance” by conceptions of “cosmopolitan” and “constitutional justice” rather than only by “Westphalian justice” and “commutative justice”, as reciprocally agreed in treaties among States (section 2). “Fragmentation” of “IEL among States” through multilevel economic regulation and adjudication (e.g., inside free trade areas and economic communities) is a necessary strategy for reforming international law for the benefit of citizens. In order to remain legitimate and reconcile the rational self-interests of citizens with their reasonable common interests, investment arbitration must remain embedded into multilevel human rights law and respect for legitimate “constitutional pluralism” protecting cosmopolitan rights, transnational “participatory” and “deliberative democracy” and rule of law through “consistent interpretations” and “judicial comity” among national and international courts of justice (section 3).

“FRAGMENTATION” OF INTERNATIONAL LAW AS A STRATEGY FOR REFORMING INTERNATIONAL INVESTMENT LAW

in The Italian Yearbook of International Law Online

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