Revision of International Arbitration Awards in The Light of Foreign Investment Law

In the international legal system,mechanisms have been established to resolve dispute between subjects,provide the ground for the rule of law order and security in the international community is one of these mechanisms of arbitration.in foreign investment arbitration,one party to the dispute is always a government institution,and the rights of the people are also at stake, the public or private party may object to the arbitral awards and the proceedings or the content of the awards and request a review.as we know arbitration is a one-step and there is no review authority in arbitration.but sometimes,due to exceptional circumstance,a revise to the arbitration award may be necessary.on the other hand the possibility of correcting spelling or computation errors, or misspell or supplementary and interpretive awards should not be confused with revision,because the correction of the award or the issuance of a supplementary and interpretive award is in fact a continuation of the initial arbitration process,but the purpose of the review is to reconsider the same matter in the same arbitral tribunal.revision has been one of the most controversial international issues in the field of investment.revision is an exception and the principle is that the arbitration award is final and binding.sometimes the award may have such damages and objections that it’s execution is not justifiable and need re-opening.obviously,prescribing such awards constitutes participation in injustice or violation of the law to ensure the validity of arbitral award and it’s authenticity,especially the execution of justice,establishment of a revision mechanism canbe predicted.