International Investment Law Implications of Cancelling Environmental Permits for Petroleum Development: Why Guyanese Stakeholders Should have Cancellation Reservations
Article from: OGEL 1 (2023), in Energy, Institutional Reforms and Development in Latin America
Abstract
In the same way that International Investment Law recognizes Guyana's sovereign right to admit investment into its territory, it recognizes Guyana's obligation to comply with the applicable principles of law regarding its treatment of foreign investors and their investments. As such, among the many factors which the State may take into account when deciding to exercise its domestic power to cancel Environmental Permits, due consideration must be given to its International Investment Law obligations, and further the implications that can follow their breach. It is these obligations and ...