Conclusion

Abstract

This chapter concludes the book. Drawing on the findings of the preceding chapters, it proposes the analytical framework for the appraisal of investment treaty protections in times of armed conflict. Specifically, it argues that how the competing objectives will be balanced at different stages of investment treaty claims depends on the combination of the paradigm dominating a particular treaty (investment v security), and the type and conditions of a conflict giving rise to the investment claim. It summarizes how the paradigms have shifted through the evolution of the investment protection rules and ultimately advocates a paradigm that combines both investment and security approaches.