Individualization and development of international investment
law as the third millennium law field
PhD. Cristina Elena POPA (TACHE)1
Approaching such a subject is undoubtedly of particula r scientific interest,
contributing to the cla rification of several aspects r egarding the content and d elimitation of
internatio nal investment law, with a n emphasis on the law and doctr ine of international
law, but a lso on the jur isprudence of international courts. The or iginality a nd scientific
innovation resides in the way of approaching the r esearch of the legal regime of foreign
investments, both from the point of view of interdisciplina rity, interference and
interconnections between the fields of incident la w, as well as by identifying a coa gulating,
unifying factor – t he internationa l justice and the mechanisms tha t are put into operation.
This approa ch calls for the crea tion of a lea rning mechanism, of study within the university
framework of the discipline of Interna tional Investment Law and the deepening of the
specific notions and problems within some master progra ms.
Keywords: foreign investments, research, n ew field of law, interconnections.
JEL Classification: K11, K23, K33
This paper is about one of the newest, if not actually the newest field of
law, foreign investment law, and it intends to bring a new topic to the forefront of
Romanian law research, one that faces certain legislative ambiguities and
incongruences, marked by concerns regarding the current doctrine and practices,
closely interdependent with business law, according to the principle that any
development required multiplication.
This opens the way for new research areas, such as: applicable law, the
admission, the selection and the treatment of foreign investments; the specificity of
settling differences in the field of international investments; the state’s
responsibility regarding international investments and the duties of investors;
defining and redefining some terms, such as international investment by means of a
dedicated language; the development of the institutional framework and capacities
in the field of international investments; drawing up a Code for International
Investments; a refocus on the adoption of a Multilateral Agreement; themed
research at the initiative of the researchers; supporting the Romanian research
participation in international programs in the field concerning the legal regime of
foreign investments. The Economic Studies Academy and the Law Research
Institute of the Romanian Academy allow and encourage the international
1 Cristina Elena Popa (Tache) - Scientific research assistant with the Law Research Institute of the
Romanian Academy, Romania; associate in the Chartered Institute of Arbitrators; arbiter and
mediator with the Vienna International Arbitral Centre, Austria, firstname.lastname@example.org.