International Investment Law
This course evaluates the legal issues surrounding the activities of multinational corporations operating overseas. An increasing number of bilateral investment treaties provide standards of protection for foreign investment, preventing host states from expropriating property and also requiring them to treat foreign investors the same as local investors. This key feature of globalisation, including notably the growing phenomenon of investment arbitration in international tribunals, may conflict with the sovereign right of host states to regulate economic matters. International investment law therefore sits on the intersection of public international law (treaty obligations incurred between states) and private international law (the commercial activities of multinational corporations) and engages some of the most compelling issues of our times, such as environmental and human rights regulations instigated by the often less developed countries that receive foreign investment.