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Vol 23 No 5 May/June 2018

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Drafting Commercial Agreements

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Public Purpose in International Law: Rethinking Regulatory Sovereignty in the Global Era

ISBN13: 9781107081741
Published: February 2015
Publisher: Cambridge University Press
Country of Publication: UK
Format: Hardback
Price: £77.00
Paperback edition , ISBN13 9781107442061

Despatched in 4 to 6 days.

This text explores how the public purpose doctrine reconciles the often conflicting, but equally binding, obligations that states have to engage in regulatory sovereignty while honoring host-state obligations to protect foreign investment.

The work examines the multiple permutations and iterations of the public purpose doctrine and concludes that this principle needs to be reconceptualized to meet the imperatives of economic globalization and of a new paradigm of sovereignty that is based on the interdependence, and not independence, of states.

It contends that the historical expression of the public purpose doctrine in customary and conventional international law is fraught with fundamental flaws that, if not corrected, will give rise to disparities in the relationship between investors and states, asymmetries with respect to industrialized nations and developing states, and, ultimately, process legitimacy concerns.

Public International Law, International Investment Law
1. Public purpose in NAFTA
2. Identifying public purpose in customary international law: select international instruments
3. Defining the profile of the public purpose doctrine in human rights conventions
4. The effect of bilateral investment treaties on the public purpose doctrine and the public purpose doctrine's distortion of symmetry in bilateral investment treaties: discerning order and structure
5. Permanent sovereignty over natural resources
6. The role of public purpose in foreign investment protection statutes: can FIPS rehabilitate the doctrine?

Appendix I. A comparison between the performance requirements articles of the Canada-Jordan BIT and the Colombia-Japan BIT
Appendix II. An empirical review of the pre-eminence of the public purpose doctrine throughout the ever-expanding universe of bilateral investment treaties
Appendix III. A spatial comparison of provisions relating to investment protection, incentives, and dispute resolution in foreign-investment promotion statutes and bilateral investment treaties.