InternationalInvestmentLaw:Nature,EvolutionandContextValentina Vadi,PhDLecturer, University of MaastrichtChina University of PoliticaScience and Law,29March2011
International Investment Law: Nature, Evolution and Context Valentina Vadi, PhD Lecturer, University of Maastricht China University of Political Science and Law, 29 March 2011
SynopsisForeignDirectInvestment-introductory remarks;Nature,evolutionandcontext;Sources ofLawTutorial:Whatisaninvestment?
Synopsis ◼ Foreign Direct Investment - introductory remarks; ◼ Nature, evolution and context; ◼ Sources of Law ◼ Tutorial: What is an investment?
InternationalInvestmentLawSubsetof International lawDiplomaticprotectionTState responsibility for injuries to aliensGun boat diplomacy (Don Pacifico Affair1850)aMovement of persons and property fromone stateto another
International Investment Law ◼ Subset of International law Diplomatic protection State responsibility for injuries to aliens Gun boat diplomacy (Don Pacifico Affair, 1850) Movement of persons and property from one state to another
NT or Int'I Standards?National treatment=Equal treatmentwiththenationalsCalvo Clause- LatinAmerican countriesDerecho internacional(1863)No diplomaticprotection! Contentious legal effect:it could not bind the homestate of the investor!Carlos Calvo(1824-1906)
NT or Int’l Standards? National treatment= Equal treatment with the nationals Calvo Clause- Latin American countries Derecho internacional (1863) No diplomatic protection! Contentious legal effect: it could not bind the home state of the investor! Carlos Calvo (1824-1906)
βIndustrializedcountries:ExternalstandardsInternational minimumstandard (higher than the national standards...)Customaryinternational law
Industrialized countries: External standards International minimum standard (higher than the national standards.) Customary international law