Abstract

A significant portion of the world's foreign direct investment gravitates towards the extractive sector in Africa, considered to be the richest continent in the world in terms of mineral resources. Investment in the extractive sector has raised questions of compliance by investors with domestic laws, either at the inception of the investment (such as at the time of obtaining an exploration licence, for example), or during the lifetime of the investment; and the consequences of such non-compliance in the context of investment arbitration proceedings. The ...