International investment law and arbitration is a rapidly evolving field, and can be difficult for students to acquire a firm understanding of, given the considerable number of published awards and legal writings. The first edition of this text, cited by courts in Singapore and Colombia, overcame this challenge by interweaving extracts from these arbitral decisions, treaties and scholarly works with concise, up-to-date and reliable commentary. Now fully updated and with a new chapter on arbitrators, the second edition retains this practical structure along with the carefully curated end-of-chapter questions and readings. The authors consider the new chapter an essential revision to the text, and a discussion which is indispensable to understanding the present calls for reform of investment arbitration. The coverage of the book has also been expanded, with the inclusion of over sixty new awards and judicial decisions, comprising both recent and well-established jurisprudence. This textbook will appeal to graduates studying international investment law and international arbitration, as well as being of interest to practitioners in this area.

C. L. Lim is the Choh-Ming Li Professor of Law at the Chinese University of Hong Kong, a visiting professor at King's College London and Honorary Senior Fellow of the British Institute of International and Comparative Law. He practises as a barrister with Keating Chambers, London. Lim worked previously as international law counsel for a government as well as at the United Nations Compensation Commission in Geneva, and he served three terms on a committee advising Hong Kong's Commerce Secretary. He is currently participating in the UNCITRAL WGIII deliberations in which he represents an observer entity. Jean Ho is Associate Professor of Law at the National University of Singapore. She previously practised international investment law and arbitration at Shearman and Sterling LLP and now acts as counsel in investor–State disputes. She is a Member of the BIICL's Investment Treaty Forum, a Member of the Executive Council of the Asian Society of International Law, a Member of the Editorial Advisory Board of the Asian Journal of International Arbitration, and an Expert on the UNIDROIT Working Group on Agricultural Land Investment Contracts. Martinis Paparinskis is Reader in Public International Law at University College London, Faculty of Laws. He is the Book Review Editor of Journal of World Investment and Trade, a member of the Panels of Arbitrators and of Conciliators of the International Centre for Settlement of Investment Disputes, and a member of the Permanent Court of Arbitration, and a conciliator of the OSCE Court of Conciliation and Arbitration.