![\"\"](\"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg\")
<\/a>Wasiq Dar
\n<\/strong>Associate Professor, Jindal Global Law School (JGLS), O.P. Jindal Global University, Sonipat, Haryana, India, Assistant Director, the JGLS Centre for Alternative Dispute Resolution (CADR), Assistant Dean, the JGLS Centre for Post Graduate Legal Studies (CPGLS)
\n<\/strong>e-mail: <\/strong>wadar@jgu.edu.in<\/strong><\/a><\/h4>\nBoris Pra\u0161talo
\n<\/strong>Lecturer in Commercial Law, Brunel Law School, Brunel University London
\n<\/strong>e-mail: <\/strong>boris.prastalo@brunel.ac.uk<\/strong><\/a>\u00a0 <\/strong><\/h4>\n<\/h4>\n
.<\/span><\/p>\nPravni zapisi, No. 1\/2023, pp. 21-58<\/p>\n
Original Scientific Article<\/p>\n
DOI<\/strong>: 10.5937\/pravzap1\u201343940<\/p>\nKEY WORDS
\n<\/strong><\/span>artificial intelligence, arbitration, decision making, investor\u2013state dispute settlement, investor\u2013state arbitration.<\/p>\nABSTRACT
\n<\/strong><\/span>The world of arbitration has not escaped the all-pervading impact of AI. Stakeholders are not only assessing the current impact of AI on the practice of arbitration but also speculating on its future role. The possibility of AI replacing human arbitrators has also figured in the discussions. This paper focuses on the use of AI in the context of investor\u2013State arbitration, which of late, has been facing fierce backlash for its purported deficiencies. The paper explores whether AI could be used to remedy some of the burning issues in the investor-state dispute settlement system, which have culminated in its \u201cexistential crisis\u201d. The paper assesses the extent to which human arbitrators and other relevant factors have contributed to the crisis, and then examines the suitability of AI to act as an arbitrator. The paper lays a road map for the potential role of AI in ISA and attempts to answer the central question \u2013 could AI prove to be a resurrector or a disruptor of the ISA system.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"PRAVNI ZAPISI \u2022 Year XIV \u2022 No. 1 \u2022 pp. 21-58 THE INVESTOR-STATE ARBITRATION LEGITIMACY CRISIS: COULD AI BE ITS FUTURE SAVIOR (OR RESURRECTOR)? Wasiq Dar Associate Professor, Jindal Global Law School (JGLS), O.P. Jindal Global University, Sonipat, Haryana, India, Assistant Director, the JGLS Centre for Alternative Dispute Resolution (CADR), Assistant Dean, the JGLS Centre for Post Graduate Legal Studies (CPGLS) e-mail: wadar@jgu.edu.in Boris Pra\u0161talo Lecturer in Commercial Law, Brunel Law School, Brunel University London e-mail: boris.prastalo@brunel.ac.uk\u00a0 . Pravni zapisi, No. 1\/2023, pp. 21-58 Original Scientific Article DOI: 10.5937\/pravzap1\u201343940 KEY WORDS artificial intelligence, arbitration, decision making, investor\u2013state dispute settlement, investor\u2013state […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":10034,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-article.php","meta":{"footnotes":""},"class_list":["post-10065","page","type-page","status-publish","hentry"],"yoast_head":"\n
- Pravni Zapisi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"- Pravni Zapisi\" \/>\n<meta property=\"og:description\" content=\"PRAVNI ZAPISI \u2022 Year XIV \u2022 No. 1 \u2022 pp. 21-58 THE INVESTOR-STATE ARBITRATION LEGITIMACY CRISIS: COULD AI BE ITS FUTURE SAVIOR (OR RESURRECTOR)? Wasiq Dar Associate Professor, Jindal Global Law School (JGLS), O.P. Jindal Global University, Sonipat, Haryana, India, Assistant Director, the JGLS Centre for Alternative Dispute Resolution (CADR), Assistant Dean, the JGLS Centre for Post Graduate Legal Studies (CPGLS) e-mail: wadar@jgu.edu.in Boris Pra\u0161talo Lecturer in Commercial Law, Brunel Law School, Brunel University London e-mail: boris.prastalo@brunel.ac.uk\u00a0 . Pravni zapisi, No. 1\/2023, pp. 21-58 Original Scientific Article DOI: 10.5937\/pravzap1\u201343940 KEY WORDS artificial intelligence, arbitration, decision making, investor\u2013state dispute settlement, investor\u2013state […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Pravni Zapisi\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-14T14:02:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/\",\"url\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/\",\"name\":\"- Pravni Zapisi\",\"isPartOf\":{\"@id\":\"https:\/\/pravnizapisi.rs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg\",\"datePublished\":\"2023-07-14T10:42:16+00:00\",\"dateModified\":\"2023-07-14T14:02:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#primaryimage\",\"url\":\"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg\",\"contentUrl\":\"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u041f\u043e\u0447\u0435\u0442\u043d\u0430\",\"item\":\"https:\/\/www.pravnizapisi.rs\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pravni zapisi 1\/2023\",\"item\":\"https:\/\/www.pravnizapisi.rs\/en\/pravni-zapisi-1-2023\/\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pravnizapisi.rs\/#website\",\"url\":\"https:\/\/pravnizapisi.rs\/\",\"name\":\"Pravni Zapisi\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/pravnizapisi.rs\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pravnizapisi.rs\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/pravnizapisi.rs\/#organization\",\"name\":\"Pravni Zapisi\",\"url\":\"https:\/\/pravnizapisi.rs\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pravnizapisi.rs\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.pravnizapisi.rs\/wp-content\/uploads\/2019\/11\/cropped-Header-logo-srb-1-1.jpg\",\"contentUrl\":\"https:\/\/www.pravnizapisi.rs\/wp-content\/uploads\/2019\/11\/cropped-Header-logo-srb-1-1.jpg\",\"width\":580,\"height\":80,\"caption\":\"Pravni Zapisi\"},\"image\":{\"@id\":\"https:\/\/pravnizapisi.rs\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"- Pravni Zapisi","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/","og_locale":"en_US","og_type":"article","og_title":"- Pravni Zapisi","og_description":"PRAVNI ZAPISI \u2022 Year XIV \u2022 No. 1 \u2022 pp. 21-58 THE INVESTOR-STATE ARBITRATION LEGITIMACY CRISIS: COULD AI BE ITS FUTURE SAVIOR (OR RESURRECTOR)? Wasiq Dar Associate Professor, Jindal Global Law School (JGLS), O.P. Jindal Global University, Sonipat, Haryana, India, Assistant Director, the JGLS Centre for Alternative Dispute Resolution (CADR), Assistant Dean, the JGLS Centre for Post Graduate Legal Studies (CPGLS) e-mail: wadar@jgu.edu.in Boris Pra\u0161talo Lecturer in Commercial Law, Brunel Law School, Brunel University London e-mail: boris.prastalo@brunel.ac.uk\u00a0 . Pravni zapisi, No. 1\/2023, pp. 21-58 Original Scientific Article DOI: 10.5937\/pravzap1\u201343940 KEY WORDS artificial intelligence, arbitration, decision making, investor\u2013state dispute settlement, investor\u2013state […]","og_url":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/","og_site_name":"Pravni Zapisi","article_modified_time":"2023-07-14T14:02:56+00:00","og_image":[{"url":"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/","url":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/","name":"- Pravni Zapisi","isPartOf":{"@id":"https:\/\/pravnizapisi.rs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#primaryimage"},"image":{"@id":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#primaryimage"},"thumbnailUrl":"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg","datePublished":"2023-07-14T10:42:16+00:00","dateModified":"2023-07-14T14:02:56+00:00","breadcrumb":{"@id":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#primaryimage","url":"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg","contentUrl":"https:\/\/pravnizapisi.rs\/wp-content\/uploads\/2021\/12\/Naslovna-2021-02.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2023\/10060-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u041f\u043e\u0447\u0435\u0442\u043d\u0430","item":"https:\/\/www.pravnizapisi.rs\/en\/"},{"@type":"ListItem","position":2,"name":"Pravni zapisi 1\/2023","item":"https:\/\/www.pravnizapisi.rs\/en\/pravni-zapisi-1-2023\/"}]},{"@type":"WebSite","@id":"https:\/\/pravnizapisi.rs\/#website","url":"https:\/\/pravnizapisi.rs\/","name":"Pravni Zapisi","description":"","publisher":{"@id":"https:\/\/pravnizapisi.rs\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pravnizapisi.rs\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/pravnizapisi.rs\/#organization","name":"Pravni Zapisi","url":"https:\/\/pravnizapisi.rs\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pravnizapisi.rs\/#\/schema\/logo\/image\/","url":"https:\/\/www.pravnizapisi.rs\/wp-content\/uploads\/2019\/11\/cropped-Header-logo-srb-1-1.jpg","contentUrl":"https:\/\/www.pravnizapisi.rs\/wp-content\/uploads\/2019\/11\/cropped-Header-logo-srb-1-1.jpg","width":580,"height":80,"caption":"Pravni Zapisi"},"image":{"@id":"https:\/\/pravnizapisi.rs\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/pages\/10065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/comments?post=10065"}],"version-history":[{"count":0,"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/pages\/10065\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/pages\/10034"}],"wp:attachment":[{"href":"https:\/\/www.pravnizapisi.rs\/en\/wp-json\/wp\/v2\/media?parent=10065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/strong>Lecturer in Commercial Law, Brunel Law School, Brunel University London
\n<\/strong>e-mail: <\/strong>boris.prastalo@brunel.ac.uk<\/strong><\/a>\u00a0 <\/strong><\/h4>\n
<\/h4>\n
.<\/span><\/p>\n Pravni zapisi, No. 1\/2023, pp. 21-58<\/p>\n Original Scientific Article<\/p>\n DOI<\/strong>: 10.5937\/pravzap1\u201343940<\/p>\n KEY WORDS ABSTRACT PRAVNI ZAPISI \u2022 Year XIV \u2022 No. 1 \u2022 pp. 21-58 THE INVESTOR-STATE ARBITRATION LEGITIMACY CRISIS: COULD AI BE ITS FUTURE SAVIOR (OR RESURRECTOR)? Wasiq Dar Associate Professor, Jindal Global Law School (JGLS), O.P. Jindal Global University, Sonipat, Haryana, India, Assistant Director, the JGLS Centre for Alternative Dispute Resolution (CADR), Assistant Dean, the JGLS Centre for Post Graduate Legal Studies (CPGLS) e-mail: wadar@jgu.edu.in Boris Pra\u0161talo Lecturer in Commercial Law, Brunel Law School, Brunel University London e-mail: boris.prastalo@brunel.ac.uk\u00a0 . Pravni zapisi, No. 1\/2023, pp. 21-58 Original Scientific Article DOI: 10.5937\/pravzap1\u201343940 KEY WORDS artificial intelligence, arbitration, decision making, investor\u2013state dispute settlement, investor\u2013state […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":10034,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-article.php","meta":{"footnotes":""},"class_list":["post-10065","page","type-page","status-publish","hentry"],"yoast_head":"\n
\n<\/strong><\/span>artificial intelligence, arbitration, decision making, investor\u2013state dispute settlement, investor\u2013state arbitration.<\/p>\n
\n<\/strong><\/span>The world of arbitration has not escaped the all-pervading impact of AI. Stakeholders are not only assessing the current impact of AI on the practice of arbitration but also speculating on its future role. The possibility of AI replacing human arbitrators has also figured in the discussions. This paper focuses on the use of AI in the context of investor\u2013State arbitration, which of late, has been facing fierce backlash for its purported deficiencies. The paper explores whether AI could be used to remedy some of the burning issues in the investor-state dispute settlement system, which have culminated in its \u201cexistential crisis\u201d. The paper assesses the extent to which human arbitrators and other relevant factors have contributed to the crisis, and then examines the suitability of AI to act as an arbitrator. The paper lays a road map for the potential role of AI in ISA and attempts to answer the central question \u2013 could AI prove to be a resurrector or a disruptor of the ISA system.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"