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As a legal solution, the process of Arbitration is controlled by the parties , presided over by a neutral third party, in favor of a just settlement of the dispute, but also conducive to the maintain the relationship between the host countries and its investors and the government. Especially for The host country, to agree to use international commercial arbitration is likely to improve their investment environment and enhance foreign investors’ trust and the sense of security in the host countries, which will attract foreign investment to promote national economic development. In that case, Maffezini effectively chooses international commercial arbitration and the Argentina - Spain BIT in the most-favored-nation (MFN) provisions, and cited bilateral investment agreements, which is signed by Chile and Spain and applied the relevant provisions of international Arbitration, which not only reduced the tedious judicial proceedings, and also protected their own legitimate interests...
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