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The Trend from Standards to Rules in International Investment Law and Its Impact upon the Interpretive Power of Arbitral Tribunals

Published online by Cambridge University Press:  20 January 2017

Friedrich Rosenfeld*
Hanefeld Rechtsanwälte; University of Hamburg and Bucerius Law School; International Hellenic University, Thessaloniki


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Paradigmatic Changes in the Settlement of International Investment Disputes?
Copyright © American Society of International Law 2015

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1 Kaplow, Louis, Rules Versus Standards: An Economic Analysis, 42 Duke L.J. 557, 560 (1992)CrossRefGoogle Scholar.

2 H.L.A. Hart, The Concept of Law 128 (3d ed. 2012).

3 Ludwig Wittgenstein, Philosophical Investigations 20 (Basil Blackwell 1967).

4 Hans Kelsen, Pure Theory of Law 354 (Lawbook Exchange ed. 2009).

5 Cf.Lauterpacht, Hersch, The Function of Law in the International Community 88 (Oxford University Press 2011).Google Scholar