President's Message.

This article presents the author's views on developments in international arbitration. One of the most striking developments in international arbitration these days is the exponential growth of investment arbitration. It raises a panoply of fascinating issues which are new to arbitration specialists trained in the resolution of commercial disputes. Issues relating to jurisdiction, such as the distinction between treaty and contract claims, and a variety of niceties such as forks in the road, umbrella, and most favored nation clauses. Other new issues are procedural in nature: transparency, third party intervention, amicus curiae briefs, not to mention questions of applicable law and substantive matters.