LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.

Credit value: 30 credits (12 ECTS)
Module Convenor:
Dr Martins Paparinskis
Other Teachers:
Professor Alejandro Escobar
Professor Robert Volterra


International law of foreign investment protection, expressed in international treaties and customary law obligations and largely implemented through investor-State arbitration, disciplines and structures the manner in which States treat foreign investments and investor. This module deals with all the relevant aspects of the discipline, including its scope, content of the substantive obligations and exceptions, procedure of investor-State dispute settlement, and conceptual questions raised by the relationship between investment law and other regimes and values in international law.

Module Aims

  • to ensure that students develop a thorough understanding of the core substantive and procedural principles in investment protection law;
  • to enable students to appreciate both similarities and differences between different substantive obligations, and between different procedures for settlement of investment disputes (particularly ICSID Convention and UNCITRAL Rules);
  • to enable students to discuss critically the regime of modern investment protection law.


The topics in this module include:

  • Development of investment law
  • Investment law sources in customary and treaty law
  • State responsibility for the breach of investment obligations
  • Scope of investment treaties; concepts of ‘an investor’ and ‘an investment’
  • Substantive obligations: expropriation, non-contingent standards, and contingent standards; defences and excuses
  • Investor-State and inter-State settlement of investment disputes
  • Jurisdiction and admissibility of investment claims
  • Arbitral process
  • Investment protection law and its Others
  • Investment protection law and the European Union

Background Reading (optional):

There is no single textbook for this module. However, students will find it useful to consult these books:

  • R Dolzer and C Schreuer, Principles of International Investment Law (2nd edn, OUP, Oxford 2012)
  • Z Douglas, The Law of International Investment Claims (CUP, Cambridge 2009)

As a collections of documents, students will use:

  • M Paparinskis, Basic Documents on International Investment Protection (Hart Publishing, Oxford 2012)

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: Yes
Previous module enrolments: Medium - 16-50 students
Who may enrol: LLM students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: Corporate Law, International Banking and Finance Law, International Law
Final Assessment: 3-hour unseen written examination
Practice Assessment: Two practice essays

This page was last updated on 23 July, 2014


The application process for the 2014-15 academic session, for entry in September 2014, is now closed.

Information regarding applications for September 2015 will be updated on the website in September 2014.

IMPORTANT NOTICE : Updated 28 May 2014

The Home Office issued an update about the acceptance of ETS tests (including TOEFL). They have now confirmed that Higher Education students applying for a Tier 4 visa may use a TOEFL test taken after 17 April, if a Higher Education Institution is willing to use its academic discretion. For those students entering in September 2014, UCL will continue to accept the TOEFL even if it was taken after 17 April. However, if an applicant still needs to book a test then we recommend that they take an alternative test to TOEFL. Those who have already arranged to take a different test following the previous advice from the Home Office, we encourage you to go ahead with taking the alternative test.

The TOEFL test will continue to be accepted for 2014 entrants who have been asked to take an English language qualification as part of their offer condition, and do not need to apply for a visa to study in the UK.