The international investment regime is probably the most controversial area of international law today. This article argues that looking at the interpretation of foreign investor rights can help us to better understand this regime and the challenges it poses to states and local actors. Relying on property and contract law theory, this article shows that the arbitral interpretation of foreign investor rights privileges wealth maximization over propriety. This leads arbitrators to draw on particular theories of property and contractual reliance. The analysis of these interpretative moves brings to the front crucial normative and distributive implications of the international investment regime.

中文翻译：

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新兴的全球投资权：理解外国投资者权利背后的原因

国际投资制度可能是当今国际法中最具争议的领域。本文认为，查看对外国投资者权利的解释可以帮助我们更好地理解这一制度及其对州和当地参与者构成的挑战。本文依托财产法和合同法理论，表明外国投资者权利的仲裁解释优先于财富最大化而非正当性。这导致仲裁员利用特定的财产和合同依赖理论。对这些解释性举措的分析将国际投资制度的关键规范和分配影响带到了前台。