In recent years many Latin American countries have liberalized their trade and investment regimes, opening their markets to free international trade. At the same time, regional economic integration has boomed. This book is the first systematic analysis in any language of these globally significant developments, and the first comprehensive legal study of dispute settlement relating to foreign direct investment and trade in the region.

Undertaken by an expert in the field, this study describes the current institutional framework of Latin American trade and investment law as well as specialized legal issues in the region''s various economic blocs. Among the many issues and topics raised the following may be mentioned:

• . questions of compliance and procedure in the context of today''s international investment regime;
• . formalized dispute settlement mechanisms;
• . alternative dispute resolution channels, including dispute prevention practices;
• . legitimacy and transparency of the various dispute settlement mechanisms;
• . inclusion of social clauses in trade and investment agreements; and
• . avoidance of investment treaty liability.

In order to offer a most accurate view of the effectiveness of the protection granted to foreign investors, special attention is given to relevant case law - completely covering the period 1985-2015 - as well as arbitral precedents before international bodies and in jurisdictions across the region. The book concludes with a critical examination of the future prospects of international economic law dispute settlement in the Americas, pinpointing current trends and unveiling future possible avenues for change.

As an in-depth explication of how the rules and principles of international economic law are applied in Latin America, this book has no peers. For practitioners drafting business agreements with Latin American companies, or needing to ensure availability of appropriate remedies, this book''s detailed insight into international litigation in the region, including case law illustrating the main topics, will prove to be of immeasurable value. Professionals in the arbitral community worldwide, as well as governments, dedicated research centres and officials in international organizations will welcome this book''s model for comparative integration studies, systematic guidance on procedure and case law of domestic and international courts and arbitral tribunals, and extensive treatment of dispute settlement mechanisms in trade and investment agreements.