Legal basis and effect of denunciation under international investment agreements

This memorandum addresses the notion of consent to international investment arbitration and the possibility of the termination of such consent either by virtue of withdrawal from ICSID Convention or BITs. Through a detailed analysis of Articles 71 and 72 of the ICSID Convention, this memorandum discusses the varying interpretations and their repercussions on arbitral practice and treaty-making. Authors: Wolfgang Alschner, Ana Berdajs, and Vladyslav Lanovoy