XXI asrda xalqaro investitsiya bitimlarini isloh qilish: davlat suverenitetini va investor huquqlarini qayta muvozanatlash

This article examines the evolving relationship between state sovereignty and investor rights in international investment law, with a focus on recent reforms aimed at rebalancing the two. Over the past few decades, the traditional regime of international investment agreements (IIAs) has been criticized for favoring investor rights at the expense of host states' regulatory authority. In response, many states have moved towards new-generation treaties that safeguard public policy objectives while ensuring fair treatment for investors. The article explores key reform initiatives, including substantive changes to treaty provisions and procedural adjustments to the investor–state dispute settlement (ISDS) system. It also critically assesses whether these reforms effectively address the concerns of sovereignty and investor protection in the context of global challenges such as climate change, public health, and economic security.

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