Reform in the Structure of the Investor- State Dispute Settlement and Feasibility Study on the Establishment of the International Investment Permanent Court

The Current Mechanism of the Investor- State Dispute Settlement is based on Institutional and Ad, hoc International investment Arbitration. The Current Regime of this mechanism has faced with some deficiencies including: Issuance of the inconsistent Awards, Challenging the Governments from international liabilities point of view, Damaging on some fundamental principles of investment international law, High costs, lack of expertise of arbitrators in investment fields, different approaches of the Arbitration courts on Treaty Shopping, Lack of precedent, lack of appeal mechanism and etc. it believes that establishment of an International Investment permanent court with aspiration of the unique  Multilateral dispute settlement mechanism of  the World Trade Organization (WTO)   can act as more Consistent, Efficient and Effective in settlement of the disputes of investors- States, in comparative of the current system of the international investment arbitration. Moreover, this new system can reduce the afor-said deficiencies and in particular can take step on strengthening the investor- State Dispute Settlement.