Investors' Legitimate Expectations in The African Extractive Sector
Article from: OGEL 4 (2019), in Africa
In time, the concept of legitimate expectations as an aspect of fair and equitable treatment should find meaningful expression in the context of the extractive sector in Africa. To attract foreign investments, African host States have recourse to specific commitments, which often happen to be at the heart of the decision to invest. Whether toward individual investors, in industry regulations such a mining codes, or bilateral investment treaties (BITs), these commitments potentially give rise to legitimate expectations. On the premise that this notion has been underdeveloped in ...