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Drawing The Right Lessons From Icsid Jurisprudence On The Doctrine Of Necessity, Amin George Forji
Drawing The Right Lessons From Icsid Jurisprudence On The Doctrine Of Necessity, Amin George Forji
Amin George Forji
Bilateral investment treaties (BITs) and the International Centre for the Settlement of Investment Disputes (ICSID) have over the years injected an important dynamic into public international law, that is, the replacement of a political remedy (peaceful cooperation amongst nations) by a legal one (settlement of investment disputes). The institution of ICSID and the revision of BITs in line with its rules have opened the way for direct investors’ claims and investor-state arbitration. The obvious implication of a compulsory arbitration provision is that it has made up for many shortcomings of the diplomatic protection mechanism with, “the potential for an individual …
Promoting Equality, Black Economic Empowerment, And The Future Of Investment Rules, David Schneiderman
Promoting Equality, Black Economic Empowerment, And The Future Of Investment Rules, David Schneiderman
David Schneiderman
It generally is assumed that rules to protect and promote foreign investment are sufficiently flexible to address the specific needs of developing and less developed countries. What happens, however, when the typical model of investment treaty rubs against national constitutional commitments, such as those mandating the promotion of equality in post-apartheid South Africa? This paper explores such tensions in the context of free trade and investment negotiations between the United States and the South African Customs Union. South Africa’s plan to generate a new black middle class via a program of Black Economic Empowerment, it turns out, was a contributing …