Sovereignty Over Natural Resources Versus Rights Under Investment Contracts: Which One Prevails?
Article from: OGEL 2 (2008), in Venezuela
Introduction
In the area of natural resources, the relationship between foreign investors and host States today - and indeed the relationship between members of the international community more broadly - must be viewed within the prism of three important events commencing with the end of the Second World War. First, the creation of the United Nations system enabled States to gather in a more democratic global environment. Within that nascent United Nations structure, States that were traditionally isolated or recently independent were allowed to influence - at least to a greater extent than ...