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Compensation for Indirect Expropriation in International Investment Agreements: Implications of National Treatment and Rights to Invest

Aisbett, Emma; Karp, Larry; McAusland, Carol

Description

International investment agreements allow investors to bring compensation claims when their investments are hurt by new regulations. This requirement that host governments compensate for indirect expropriation helps solve post-investment moral hazard problems such as hold-ups, thereby helping to prevent inefficient over-regulation and encouraging foreign investment. However, when the social or environmental harm of a project is uncertain pre-investment, compensation requirements can...[Show more]

CollectionsANU Research Publications
Date published: 2010
Type: Journal article
URI: http://hdl.handle.net/1885/96189
Source: Journal of Globalization and Development
DOI: 10.2202/1948-1837.1133

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