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Welcome to the 12th lecture in this lecture series introducing the subject of international investment law. In the last few lectures, we dealt with the question of who an investor is. In this lecture we will deal with an important aspect relating to the question: Treaty shopping. Decisions Referred Tokios Tokeles v. Ukraine [(ARB/02/18), award on jurisdiction dated 29 April 2004], https://www.italaw.com/sites/default/... Banro v. Democratic Republic of the Congo (ARB/98/07), Award dt. 1 September 2000, https://www.italaw.com/sites/default/... Gran Colombia Gold Corp v. Republic of Columbia (ICSID Case No. ARB/18/23), Decision on the Bifurcated Jurisdictional Issue (23 November 2020), https://www.italaw.com/sites/default/... Phoenix Action, Ltd. v. Czech Republic (ICSID Case No. ARB/06/5) Award dt 15 April 2009, Para 54, https://www.italaw.com/sites/default/... References: Suzy H. Nikiema, “Best Practices: Definition of Investor”, IISD Best Practices Series, March 2012. http://www.iisd.org/pdf/2012/best_pra... Schreuer et al, The ICSID Convention: A Commentary (2nd ed. 2009) Melida Hodgson & David Manners-Weber, The Investment Treaty Arbitration Review: Covered Investors (25 June 2020), https://thelawreviews.co.uk/title/the... Ahmed Bakry, Nationality of Investor, Jus Mundi (19 April 2021), https://jusmundi.com/en/document/wiki... Mohammed Bashir, Denial of Benefits, Jus Mundi (14 April 2021), https://jusmundi.com/en/document/wiki... Jorun Baumgartner, Treaty Shopping in International Investment Law (2016: OUP).