Exceptional circumstances demand exceptional responses. States around the world have taken extraordinary, wide-ranging emergency measures to curb the spread of the coronavirus and address the severe economic and financial fallout triggered by the pandemic, and business is keeping a watchful eye. Investors hard hit by the public interest interventions may be looking to recoup their losses by turning to investor-state arbitration at a time when there is a growing chorus calling for the suspension of lawsuits over Covid-related government actions.

(more…)