The Convention on the Settlement of Investment Disputes between States and Nationals of Other States (“the Convention”) entered into force on 14 October 1966 after ratification by the first twenty states. The number of Contracting States currently stands at 153. In the fifty years since the Convention entered into force, the International Centre for Settlement of Investment Disputes [ICSID] has grown from a nascent organization to what it is today: the pre-eminent institution for the resolution of investor-state disputes. The establishment of the ICSID has played a pivotal role in reshaping the relationship between host countries and foreign investors. Before that, foreign investors whose legal rights had been violated by internationally wrongful acts of states had limited meaningful options for seeking redress. Against this backdrop, the ICSID has emerged as an autonomous international institution with the aim of “promoting an atmosphere of mutual confidence and thus stimulating a larger flow of private international capital into those countries which wish to attract it”. Since its inception, it has provided aggrieved individuals with direct access to an effective international forum to seek redress. The number of ICSID cases registered has surged from just one case in 1972 to fifty-two cases in 2015. As at 30 June 2016, the cumulative case-load of the ICSID stood at 570 cases. It is against the backdrop of fifty burgeoning years of ICSID jurisprudence that the treatise Building International Investment Law: The First 50 years of ICSID has been published. Fittingly, it is an impressive collection of fifty papers, contributed by eminent scholars and practitioners from all over the world. The papers are organized in six parts, covering a wide array of topics addressed in leading ICSID decisions. Part 1 elucidates the general principles pertaining to such issues as the applicable rules of interpretation, and the requisite burden and standard of proof in ICSID arbitration. Part 2 pertains to the jurisdiction of ICSID, and engages such matters as the criteria for determining investor nationality, the preconditions for ICSID arbitration, and the waiver of local remedies. Part 3 examines the substantive aspects of ICSID disputes, detailing the standards of protection to which investors are entitled. Concepts such as fair and equitable treatment and protection from expropriation are all dealt with systematically. Parts 4 and 5 then focus respectively on the exceptions, defences, and counterclaims that states may invoke, on the valuation of claims and on the issues of costs. The concluding Part 6 contains papers on various procedural and related matters. The treatise provides its readers with a comprehensive insight into both the procedural and substantive aspects of ICSID arbitration, from the onset of a dispute to its final stages. In addition, it serves as a springboard for the further development of ICSID jurisprudence by identifying and elaborating upon controversial and unresolved issues of law which have arisen over the last fifty years. For instance, Chapter 18 expounds on the schism that has arisen with respect to the importation of dispute resolution procedures into investment treaties through the application of the most-favoured-nation clause. The chapter explains the two divergent approaches to have emanated from the landmark decisions of Emilio Agustin Maffezini v. The Kingdom of Spain, ICSID Case No. ARB/97/7 and Plama Consortium Limited v. Republic of Bulgaria, ICSID Case No. ARB/03/24, and goes on to identify

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国际经济法。制定国际投资法：由麦格·金奈尔（Meg KINNEAR），杰拉尔丁·菲舍尔（Geraldine FISCHER），贾拉·明格斯·阿尔梅达（Jara Minguez ALMEIDA），路易莎·费尔南达·托雷斯（Luisa Fernanda TORRES）和玛丽埃·乌兰·比尔丁（MariéeURAN BILDEGAIN）编辑的ICSID成立50周年。Alphen aan den Rijn：Wolters Kluwer，2015年。iii + 723页。精装书：195欧元。

经前二十个国家批准后，《解决国家与其他国家国民之间的投资争端公约》（“该公约”）于1966年10月14日生效。缔约国的数目目前为153个。自《公约》生效以来的五十年中，国际投资争端解决中心[ICSID]已从一个新生的组织发展到今天的组织：解决投资者与国家之间的纠纷。ICSID的建立在重塑东道国与外国投资者之间的关系方面发挥了关键作用。在此之前，合法权利遭到国际不法行为侵害的外国投资者在寻求补救方面的意义有限。在这种背景下，ICSID已经发展成为一个自治的国际机构，其目标是“营造一种相互信任的氛围，从而刺激更多的国际私人资本流向希望吸引这些国家的国家”。自成立以来，它为受害的个人提供了直接进入有效的国际论坛寻求补救的机会。ICSID登记的案件数量从1972年的仅一宗增加到2015年的52宗。截至2016年6月30日，ICSID的累计案件量为570宗。在ICSID法学蓬勃发展五十年的背景下，《建立国际投资法：ICSID的头50年》论文发表了。恰如其分地，这是五十篇论文的令人印象深刻的收藏，来自世界各地的杰出学者和实践者贡献。这些文件分为六个部分，涵盖了领先的ICSID决策中涉及的广泛主题。第1部分阐明了与诸如适用的解释规则以及ICSID仲裁中的必要负担和举证标准等问题有关的一般原则。第2部分涉及ICSID的管辖权，涉及诸如确定投资者国籍的标准，ICSID仲裁的先决条件以及放弃当地救济等事项。第3部分研究了ICSID争议的实质内容，详细介绍了投资者应享有的保护标准。公平和公正的待遇以及防止被征收等概念都得到系统地处理。然后，第4部分和第5部分分别关注于国家可能援引的例外，抗辩和反诉，以及对索赔的估价和成本问题。结论部分6包含有关各种程序和相关事项的论文。从争端开始到最终阶段，专着为读者提供了对ICSID仲裁的程序和实质方面的全面了解。此外，它通过识别和阐述在过去五十年中出现的有争议和未解决的法律问题，为进一步发展ICSID法学提供了跳板。例如，第18章阐述了通过适用最惠国条款将争端解决程序引入投资条约所产生的分裂。