Resistance and change in the international law on foreign investment / M. Sornarajah, CJ Koh Professor of Law, National University of Singapore.
2015
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Author
Title
Resistance and change in the international law on foreign investment / M. Sornarajah, CJ Koh Professor of Law, National University of Singapore.
Imprint
Cambridge : Cambridge University Press, 2015.
Description
1 online resource (xx, 452 pages) : digital, PDF file(s)
Formatted Contents Note
Machine generated contents note: 1. Introduction; 2. The precursor to neoliberalism: the internationalization of foreign investment contracts; 3. Creating jurisdiction beyond consent; 4. The emasculation of expropriation; 5. The fair and equitable standard: expansion and control; 6. Defences and justifications; 7. Looking to the future; 8. A theory of change in the international law on foreign investment.
Summary
Since the 1990s, conflicts within international law on foreign investment have arisen as a result of several competing interests. The neoliberal philosophy ensured inflexible investment protection given by a network of investment treaties interpreted in an expansive manner, which led to states creating regulatory space over foreign investment. However, NGOs committed to single causes such as human rights and the environment protested against inflexible investment protection. The rise to prominence of arguments against the fragmentation of international law also affected the development of investment law as an autonomous regime. These factors have resulted in some states renouncing the system of arbitration and other states creating new treaties which undermine inflexible investment protection. The treaty-based system of investment protection has therefore become tenuous, and change has become inevitable. Emphasising the changes resulting from resistance to a system based on neoliberal foundations, this study looks at recent developments in the area.
Note
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Location
www
Available in Other Form
Print version:
Linked Resources
Alternate Title
Cambridge Books Online.
Language
English
ISBN
9781316156339 (ebook)
9781107096622 (hardback)
9781107480254 (paperback)
9781107096622 (hardback)
9781107480254 (paperback)
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