The book "Principles of International Investment Law" is a comprehensive guide to the principles and practices of international investment law. It is authored by Rudolf Dolzer and Christoph Schreuer, with contributions from other experts in the field. Here is a detailed overview of the book:

Key Themes

1. History and Sources of International Investment Law: The book begins by tracing the historical development and sources of international investment law, providing a foundational understanding of the subject.
2. Interpretation and Application of Investment Treaties: It delves into the interpretation and application of investment treaties, highlighting how these treaties are implemented in practice by international tribunals.
3. Investors and Investments: The book examines the roles and rights of investors and the nature of investments, including the various forms of investments and the protections afforded to them.
4. Investment Contracts: It discusses the role of investment contracts in defining the terms and conditions of investments, including issues related to admission and establishment.
5. Expropriation: The book addresses the complex issue of expropriation, which is a critical aspect of international investment law, detailing the standards and procedures for expropriation.
6. State Responsibility and Attribution: It explores the principles of state responsibility and attribution, particularly focusing on non-state entities and their role in investment disputes.
7. Political Risk Insurance: The book introduces the concept of political risk insurance, which is essential for mitigating risks associated with foreign investments.
8. Dispute Settlement Mechanisms: A significant portion of the book is dedicated to dispute settlement mechanisms, including investor-state arbitration and the interaction between domestic courts and tribunals.

Plot Summary

The book provides a systematic analytical study of the texts and principles underlying investment law. It combines theoretical discussions with practical insights derived from case law arising in international tribunals. The authors convey a clear and practical picture of how investment treaties and the rights they grant to investors are implemented in practice. The book is structured to offer both an introduction to those new to the field and a valuable overview of current and contentious issues for more experienced readers.

Critical Reception

The book has been well-received for its comprehensive and practical approach to international investment law. It is considered an ideal introduction to the principles of international investment law and arbitration, making it a valuable resource for both students and practitioners. The detailed discussion of complex issues such as state responsibility and attribution, as well as the extensive annex containing key legal texts, further enhances its utility.

Editions

The book has been published in multiple editions, with the latest editions reflecting updates in case law and developments in the field. The second edition, for example, includes additional insights and analyses based on recent tribunal decisions and legal developments.

In summary, "Principles of International Investment Law" by Rudolf Dolzer and Christoph Schreuer is a seminal work that provides a thorough understanding of the principles, practices, and complexities of international investment law. Its comprehensive coverage and practical insights make it a cornerstone in the field of international investment law.