Last month, Washington and Lee law professor Susan Franck presented her research on treaty-based investment arbitration at the Fifth International Conference on Law and Economics of International Arbitration at St. Gallen, Switzerland.
Professor Franck’s presentation was focused specifically on the law and economics of investment treaty arbitration, with a focus upon systematically considering the risks and costs of dispute resolution. The conference involved a series of other presentations related to arbitration in emerging markets, competition law, financial services arbitration, and sports by international arbitration scholars and practitioners. The conference also involved a special address by Richard A. Posner on the topic of “What do Arbitrators Maximize?” During that presentation, Professor Franck had an opportunity to discuss her research with Judge Posner and explore the perennial question about whether arbitrators’ award are a proverbial “splitting of the baby”.
