The thesis concludes that arbitral awards do have an impact on the development of international law. It focuses on arbitral awards rendered in disputes between states and on those rendered in investment disputes between states and aliens. In Chapter II theoretical considerations concerning the influence of arbitral awards on the development of the international law are made. Chapter III, which examines the impact of arbitral awards on the development of some rules of the international law concerning the taking of foreign-owned property, illustrates the role which arbitral awards rendered in investment disputes play in the development of international law.
Gildeggen, Rainer, "The Impact of Arbitral Awards on the Development of International Law: The Development of the International Law Concerning the Taking of Foreign-Owned Property" (1988). LLM Theses and Essays. Paper 119.