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Herbert Smith Freehills partner Laurence Shore has co-authored the second edition of International Investment Arbitration: Substantive Principles, a leading reference book which explores a rapidly evolving area of law.

The book, which is considered to be the most "comprehensive and up-to-date work in its field," has been co-authored together with Linklaters partner Matthew Weiniger QC and Campbell McLachlan, Professor of Law at Victoria University of Wellington.

Launched in the United States on June 19 at the Harvard Club of New York City, the book – published by Oxford University Press – considers international investment arbitration jurisprudence and how it has rapidly developed over the past 10 years. With bilateral and multilateral investment treaties between foreign states becoming increasingly common, the book offers a detailed review of the substantive principles of international law applied by investment arbitration tribunals along with a clear description of the present state of the law.

Key areas covered in the book include: the instruments under which investment disputes arise; the legal basis of treaty arbitration; dispute resolution and parallel proceedings; who is a foreign investor, including nationality issues and foreign control; what is an investment; investors' substantive rights, including fair and equitable treatment; expropriation; and compensation and remedies.

Commenting on the launch of the new book, Laurence Shore, who is based in Herbert Smith Freehills' New York office, said: "We are pleased to release this updated edition that accounts for the growth in treaty cases and developments in arbitral jurisprudence since 2008 – when the first edition was released. We hope that readers find this book a valuable resource as they navigate this complex area of public international law."

Laurence leads the firm's investment treaty arbitration practice and also has extensive experience representing clients in international commercial arbitration. He sits as an arbitrator in ICC, ICDR, LCIA and ICSID. He is a member of the LCIA's North America council.

"The new edition of International Investment Arbitration: Substantive Principles is a fantastic accomplishment for Larry and his fellow co-authors and we are delighted to announce the release of this important and timely work," added Thomas Riley, managing partner of Herbert Smith Freehills' New York office.

The New York office of Herbert Smith Freehills includes a team of international arbitration specialists as well as seasoned litigators representing clients in a wide range of commercial litigation, investigations, cross-border matters and class actions throughout the United States. New York is also the hub for the firm's global Latin America practice with a focus on infrastructure and project finance matters. Lawyers in New York are also qualified to practice in the United Kingdom, France, Singapore, Ecuador, New Zealand and Australia.


About Herbert Smith Freehills

Operating from 26 offices across Asia Pacific, EMEA and North America, Herbert Smith Freehills is at the heart of the new global business landscape providing premium quality, full-service legal advice. The firm provides many of the world’s most important organizations with access to market-leading dispute resolution, projects and transactional legal advice, combined with extensive experience in a number of global industry sectors, including banks, consumer products, energy, financial buyers, infrastructure & transport, mining, pharma & healthcare, real estate and TMT.

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