Michigan Journal of International Law Volume 42 Issue 2 2021 Crisis, Continuity, and Change in International Investment Law and Arbitration Valentina Vadi Lancaster University Law School, United Kingdom Follow this and additional works at: https://repository.law.umich.edu/mjil Part of the Banking and Finance Law Commons, Dispute Resolution and Arbitration Commons, and the International Law Commons Recommended Citation Valentina Vadi, Crisis, Continuity, and Change in International Investment Law and Arbitration, 42 MICH. J. INT'L L. 321 (2021). Available at: https://repository.law.umich.edu/mjil/vol42/iss2/4 https://doi.org/10.36642/mjil.42.2.crisis This Article is brought to you for free and open access by the Michigan Journal of International Law at University of Michigan Law School Scholarship Repository. It has been accepted for inclusion in Michigan Journal of International Law by an authorized editor of University of Michigan Law School Scholarship Repository. For more information, please contact
[email protected]. CRISIS, CONTINUITY, AND CHANGE IN INTERNATIONAL INVESTMENT LAW AND ARBITRATION Valentina Vadi* “Strive not Leuconoe! To know what end The gods above to me, or thee, will send. Whilst we are talking, envious time doth slide, This day’s thine own, the next may be deny’d.”1 “All things hang like a drop of dew upon a blade of grass.”2 I. INTRODUCTION Can international law embrace the fluidity of time and successfully manage change? The debate over continuity and change lies at the heart of international law, which seeks to foster peaceful, just, and prosperous rela- tions among nations.3 International law endeavors to govern the future by applying, in the present, the legal heritage of the past.