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Exhaustion of Local Remedies in International Investment Law

Of Local Remedies in International Investment LawIISD Best Practices Series - January 2017 Martin Dietrich BrauchJanuary 2017 2017 International Institute for Sustainable Development | iiIISD Best Practices Series: Exhaustion of Local Remedies in International Investment LawHead Office111 Lombard Avenue, Suite 325 Winnipeg, Manitoba Canada R3B 0T4 Te l : +1 (204) 958-7700 Fax: +1 (204) 958-7710 Website: : @IISD_news 2017 The International Institute for Sustainable Development Published by the International Institute for Sustainable Development. International Institute for Sustainable DevelopmentThe International Institute for Sustainable Development (IISD) is one of the world s leading centres of research and innovation.

The ELR requirement as a condition for the exercise of diplomatic protection is considered by the ILC as a “‘principle of general international law’ supported by judicial decisions, State practice, treaties and the writings of jurists.”6 The ILC suggested the codification of ELR in Articles 14 and 15 of its Draft Articles on Diplomatic

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