Investment treaties and the legal imagination : how foreign investors play by their own rules /
Nicolâas M. Perrone.
- First edition.
- 1 online resource (272 pages).
- Oxford scholarship online .
- Oxford scholarship online. .
This edition also issued in print: 2021.
Includes bibliographical references and index.
Foreign investors have a privileged position under investment treaties. They enjoy strong rights, have no obligations, and can rely on a highly efficient enforcement mechanism: investor-state dispute settlement (ISDS). Unsurprisingly, this extraordinary status has made international investment law one of the most controversial areas of the global economic order. This book sheds new light on the topic, by showing that foreign investor rights are not the result of unpredicted arbitral interpretations, but rather the outcome of a world-making project realised by a coalition of business leaders, bankers, and their lawyers in the 1950s and 1960s. Some initiatives that these figures planned for did not emerge, such as a multilateral investment convention, but they were successful in developing a legal imagination that gradually occupied the space of international investment law.
Specialized.
9780191894831 (ebook) : No price
Investments, Foreign (International law) Investments, Foreign (International law)--History. Commercial treaties. Commercial treaties--History.