Research On Third Party Participation In International Investment Arbitration

In today's world,peace and development are still the theme of the times.The trend of multi-polarization in the world is irreversible.Economic globalization is irreversible.The number of state-to-state contacts has increased and international investment has become more frequent.The scope of traditional participants in international investment dispute settlement practices is facing many challenges of practical needs,such as the issue of non-disputing third parties participating in arbitral proceedings in international investment disputes.This article will enter into the ElectrabelS.A.v.Republic of Hungary case,which lasted eight years before being finalized by the ICSID arbitration tribunal.Regardless of its verdict,the main focus of this study is to investigate the characteristics of the EU as a third party entity that actively participates in arbitration proceedings.Institutional value and its impact on China.This article will briefly introduce the basic situation of the ElectrabelS.A.v.Republic of Hungary case in the introduction.In the first part,I will introduce the definition of third party participation in international investment arbitration and clarify the features by distinguishing it from the concept of a third party system in civil litigation.The second part of this paper mainly introduces the current status of legislation and practical cases,and reveals the connotation of third-party participation in international investment arbitration using comparative law.Then in the view of rationality,it discusses the construction of third party participation system.The fourth part elaborates the features of the third party system of international investment arbitration,the benefits of China,and the specific countermeasures China has taken in the process of international investment dispute settlement.It is hoped that through the discussion of this article,we can introduce the phenomenon of the involvement of emerging third party entities in the arbitral procedure,and make a minor contribution to safeguarding our immediate interests.