Resistance to the law made through expansionist interpretation of investment treaties by arbitral tribunals has led to the disintegration of the resulting structure of investment protection The creation of an inflexible system of investment protection through arbitral interpretation undermines the exercise of power of states to take measures to protect the public interest The process of disintegration of this unjust system must be hastened through the creation of new norms that ensure that obligatory rules deter the misconduct of multinational investors If investment treaties are necessary, the regulatory power of states to promote the public interest should be given priority over investment protection

中文翻译：

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外商投资国际法的解体与变迁

仲裁庭对投资条约的扩张性解释对法律的抵制导致了投资保护结构的解体 通过仲裁解释建立了一个不灵活的投资保护体系，削弱了国家采取措施保护的权力的行使公共利益 必须通过制定新规范来加速这种不公正制度的瓦解进程，确保强制性规则阻止跨国投资者的不当行为 如果投资条约是必要的，则应赋予国家促进公共利益的监管权力优先于投资保护