Application Of The Principle Of Exhaustion Of Local Remedies In The International Investment Law

Exhaustion of local remedies principle is an important principle of internationallaw, the exhaustion of local remedies rule as a rule of international law is also applicableto the international investment dispute, the first part of this paper mainly introduces thebasic theory of the exhaustion of local remedies rule, for the following in theinternational investment system applicable to pave the way for. Application of theexhaustion of local remedies rule in recent years international investment practicehappened a series of change, presents some new trends, and the emergence of thisphenomenon is mainly because of the interest game between the developed anddeveloping countries and the exhaustion of local remedies the special principle itself, inthe second, three or four part of the main problems in the application of exhaustion oflocal remedies rule in international investment system expansion, respectively from theglobal international investment system, investment system and regional bilateralinvestment agreements, exhaustion of local remedies rule applicable to analyze changesin recent years and its effects, and analysis of the development trend of the exhaustionof local remedies rule. The last part of the article analysis the present stage of China’soverseas investment environment, the four part of the analysis, combined with the twoor three, that China at present should be limited as much as local relief principle point ofview, in order to protect China’s overseas investment.