Comparative and Foreign Law Commons^™

The Present Status Of Compensation By Foreign States For The Taking Of Alien-Owned Property, Mark K. Neville, Jr.

Vanderbilt Journal of Transnational Law

Perhaps no other exercise of the prerogatives of national sovereignty during the past two decades has proven so divisive to the community of nations or created quite as much uncertainty in international commerce as the taking of an alien investor's property by host States. Certainly these takings have contributed mightily to the intensity of the confrontation between the Third World and the developed nations. As a result of these confrontations the line has been clearly drawn between the industrialized nations and those developing countries of the Third World that subscribe to the precepts of the New International Economic Order, an …