Introduction to International Investment Law

Course description


This course explores the dynamic and evolving field of legal protection and promotion for foreign investments. It examines how international investment agreements (IIAs) and bilateral investment treaties (BITs), along with investor-state dispute settlement (ISDS), shape the landscape of global investment.

The course begins by examining the legal framework protecting foreign investment, particularly in cases of expropriation, arbitrary regulations, or significant regulatory changes by host states. Despite being relatively new, this field is critical for international investing, as evidenced by the over 3,000 IIAs concluded and numerous arbitral decisions made in recent decades. The course addresses both the benefits of IIAs, such as the promotion of the rule of law and economic growth, and the criticisms levied against them, including concerns over states' ability to pursue public policies such as health or environmental protection.

The course also explores contemporary strategies beyond traditional investment protection: investment liberalization, safeguarding host states’ right to regulate, and investment facilitation. It will analyses how these approaches, including the reduction of barriers to foreign investment, incorporation of regulatory rights in treaties, and alternative methods such as administrative streamlining and responsible business conduct, are shaping the current and future landscape of international investment.

After completing this course, participants will be able to:

Determine the overarching rationale and overall scope of the international system for the protection of foreign investment;
Evaluate the issues involved in investment liberalization and protecting the rights of host states in the context of IIAs; and
Assess the key features of investor–state arbitration, the concerns raised, and the reforms that have taken place recently to address such concerns.


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Participants who meet the course requirements will receive a Certificate of Completion issued in electronic format.


Module 1
Fundamentals of Investor–State Dispute Settlement (ISDS)
Module 2
Current Practice in Investment Law
Certificate of Completion
Introduction to International Investment Law Login to Sign Up
Course Language
English ‎(en)‎
Next start date
5, August 2024
Time required
4 hours in 2 weeks
Course fee
Free of charge
Course access
Open for enrolment
Tutor Information

Devika Rajeev

foreign exchange international trade environment legal concepts malaysia laws