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This publication offers an overview of notable developments in relation to International Investment Agreements in 2006. In addition to summarizing Investment Treaty News' reporting for 2006, the Year in Review also presents the results of a series of interviews with IIA practitioners and arbitration institutions. A key finding of these interviews is that the number of IIA arbitrations initiated in 2006 was at least 36, with the majority of such investor-state lawsuits taking place outside of the well-known International Centre for Settlement of Investment Disputes.