Challenges of the international investment arbitration in Asian countries

With the increased number of IIAs respectively the number of ISDS have risen. Consequently, with the higher number of cases in investment arbitration, the criticism against ISDS mechanism became a fiercely debated topic. In relation to this, countries began taking various measures to change their policy towards foreign investment. The article analyzes the reactions of Asian countries to newly increased number of ISDS cases and the criticism that followed it. The article aims to determine the challenges of the ISDS, and the beginning of the criticism supported by the numeric data of cases worldwide and in Asia, examine the actions of the states regarding the modification of the current ISDS system, and review current movements towards the new ISDS system.