The Trouble with Salini: Criticism of and Alternatives to the Famous Test
The famous Salini test, commonly used to determine whether an investment exists, has been put under heavy scrutiny by recent arbitral awards. The present article discusses these awards and their consequences, starting with an explanation of the history of the Salini test and the reason why this test was proposed in the first place.
Laurence Burger, « The Trouble with Salini: Criticism of and Alternatives to the Famous Test », ASA Bulletin, Volume 31, Issue 3, pp. 145 – 160, septembre 2013.