Through a close examination of selected important cases, seasoned legal practitioners brought to the fore various trends and issues in investment arbitration that were of particular significance and relevance to those interested in arbitration and investment law. With Mr Adrian Lai as the moderator, Dr David Fong, Mr Friven Yeoh and Mr Nathaniel Lai scrutinised an array of key topics, including ‘arbitration without privity’, application of China’s bilateral investment treaties to Hong Kong, assignment of right to sue, and investment protection considerations in light of China’s Belt and Road Initiative as well as Russia’s recently proposed nationalisation bill.