Included in the mandated "work program" adopted by the conferees at the first world Conference on World Peace Through the Rule of Law (Athens, 1963) was a reference respecting arbitration and conciliation as a means of resolving international disputes. The conferees urged studies to "(3) Further the proposed establishment of continental international arbitration tribunals. . . ." Frequent recognition has been given to the need to facilitate the settlement of investment disputes arising between a foreign investor and a State as a means of promoting mutual confidence and enhancing the opportunity for the increased flow of private capital into States seeking such investment.
Andrew N. Farley,
Commentary: The Convention on the Settlement of Investment Disputes between States and Nationals of Other States,
Duq. L. Rev.
Available at: https://dsc.duq.edu/dlr/vol5/iss1/4