MITs (Multilateral Investment Agreements) in the Year 2000: A Contribution to Melanges Philippe Kahn (Editors: Charles Leben, Eric Loquin)
Article from: OGEL Archive issue , in Roundup of Articles
Summary
International investment law started out in the very early days of international law. Its objective was to protect the life and property of traders operating abroad. It was based on bilateral treaties between rulers, and usually on reciprocity. With the last century, movement to complement a network of bilateral treaties by a general legal framework developed. This approach, now embodied in the classic notion of "customary international law", had moved beyond the notion that aliens needed specific treaty protection, as a rule through their home state. The new concept was of ...