Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era
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| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
London [u.a.]
Kluwer Law Internat. [u.a.]
1996
|
| Ausgabe: | 1. publ. |
| Schriftenreihe: | International Bar Association series
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
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| 245 | 1 | 0 | |a Economic development, foreign investment and the law |b issues of private sector involvement, foreign investment and the rule of law in a new era |c ed.: Robert Pritchard |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a London [u.a.] |b Kluwer Law Internat. [u.a.] |c 1996 | |
| 300 | |a XXI, 259 S. | ||
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| 650 | 7 | |a Herzieningen |2 gtt | |
| 650 | 7 | |a Investissements étrangers - Droit international |2 ram | |
| 650 | 7 | |a Juridische aspecten |2 gtt | |
| 650 | 4 | |a Recht | |
| 650 | 4 | |a Wirtschaftsentwicklung | |
| 650 | 4 | |a Economic development | |
| 650 | 4 | |a Economic development projects |x Law and legislation | |
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Datensatz im Suchindex
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|---|---|
| adam_text | Table of Contents
About the Contributors xii
About the IBA and its Section on Business Law xv
The International Bar Association Series xvi
Prefaces xix xx
Introduction The Contemporary Challenges of Economic
Development 1
Robert Pritchard
1. The Case for Private Sector Involvement 1
2. The Case for Foreign Direct Investment (FDI) 3
(a) What is FDI and what causes it? 3
(b) Why should host countries allow FDI? 4
(c) Why do firms undertake FDI? 5
3. The Case for the Rule of Law 7
4. What Legal Factors Influence Investors? 9
5. The Challenge for the Law and Lawyers 10
Chapter 1 The Notion of Sovereignty Confronts a New Era 13
Emilio Cardenas
1. Globalization and Political Conflicts 13
2. A Growing Economic Whirlpool 14
(a) Economic integration and globalization 14
(b) The passing of absolute sovereignty 15
3. The Impact of Political Fragmentation 16
(a) External self determination 17
(b) Internal self determination 18
4. A Reappraisal of the Notion of Internal Affairs 19
5. The Growth of Common Issues 21
(a) Free trade 21
(b) Sustainable development 22
(c) International regulation of natural resources
development 22
6. Conclusions 24
V
vi TABLE OF CONTENTS
Chapter 2 The Scope of New Investment Laws and International
Instruments 27
Antonio Parra
1. Introduction 27
2. Scope of Investment Laws 31
3. Scope of Bilateral Investment Treaties 35
4. Scope of Multilateral Instruments 39
5. Conclusion 44
Chapter 3 Legal System Reform and Private Sector Development
in Developing Countries 45
Douglas Webb
1. Introduction 45
2. The Developing Country Legal Environment 47
(a) Incomplete property rights 47
(b) The legal system as a reflection of historical realities rather
than the needs of a modern economy 48
(c) Dominance of the executive branch over the legislative
branch 49
(d) Legal institutions are weak and often politicized 50
(e) The process of preparations of laws is fragmented 50
(f) Excessive reliance on delegation of rule making power 51
3. The Consequences of an Underperforming Legal System 52
4. The Legal Reform Process 53
(a) Strategic options for legal reform 53
(b) Problems of legal reform 55
(c) Access to legal information 58
(d) Strengthening legal institutions 59
(e) Reforming the regulatory framework 61
5. Summary and Conclusions 63
Chapter 4 Privatization and Private Provision of Infrastructure 67
Robert Pritchard and Douglas Webb
1. Privatization in Context 67
(a) An accelerating phenomenon 67
(b) The legal framework 68
(c) The lessons so far 70
2. Privatization in its Various Guises 72
(a) Divestitures 72
(b) Private competition 73
(c) Private provision of infrastructure 74
(d) Contracting out 74
3. Commercialization: A Transition to Privatization? 75
TABLE OF CONTENTS vii
4. What Should a Government do with a State Monopoly? 76
(a) What concerns arise for a government? 76
(b) Options for a government 77
5. Regulation as a Platform for Privatization 80
6. Some key issues in Private Provision of Infrastructure 81
(a) Functional responsibilities 81
(b) Ownership options 82
(c) Term 82
(d) Market risk, commercial viability and subsidization 83
(e) Government support 84
(f) Financing 85
(g) Credit enhancement of State owned entities 85
(h) Country credit risk 86
(i) Legal framework and risk allocation 87
7. Foreign Investment in Privatization Projects 89
8. Competitive Bidding for Privatization Opportunities 90
9. Conclusions 91
Appendix: Illustrative Law on Privatization 93
Chapter 5 Constitutional and Legislative Safeguards for FDI:
A Comparative Review Utilising Australia and China 103
David Flint, Robert Pritchard and Thomas Chiu
1. The Role of Constitutional and Legislative Safeguards in
FDI Decisions 103
2. Some Notorious Cases Affecting Investors in Australia and
China 105
3. Two Very Different Conceptions of the Role of Law 109
4. Two Contrasting Constitutions: 111
(a) Basic constitutional principles 111
(b) Constitutional provisions concerning the structure of
the State 114
(c) Constitutional provisions concerning the judiciary 115
(d) Important points of difference 116
5. Two Constrasting Legislative Systems 117
6. Two Very Different Conceptions of the Role of Lawyers 119
7. A Summary of the Constitutional and Legislative Differences 120
8. Conclusions 122
Chapter 6 Taxation Policy 125
Elinore Richardson and Stephen Shay
1. Introduction 125
2. DC Tax Policy Toward FDI 125
(a) Background 125
(b) The structure of DC tax systems 126
viii TABLE OF CONTENTS
(c) DC income tax policy towards FDI 127
3. DC Income Taxation of FDI 129
(a) Source country taxation 129
(b) Interaction of source country taxation with taxation of
MNE in its residence country 130
(c) The impact of income tax treaties 134
4. The Influence of taxation on the MNE s Decision to Invest
in a DC 135
(a) The impact of DC income taxation generally 135
(b) DC income tax incentives 136
5. Summary and Conclusion 137
Chapter 7 International Environment Law and Policy 139
Peter Carney, John Taberner and Lisa Mather
1. Introduction 139
2. The Evolution of International Environmental Law and Policy 140
3. Globalization and Regionalization of Environmental Law
and Policy 144
(a) Globalization 144
(b) Regionalization 145
(c) Regionalization and the European Community 146
(d) Regionalization and the Asia Pacific Region 147
4. The Relationship between International Trade and the
Environment 149
(a) GATT and the WTO 150
(b) NAFTA 151
(c) NAAEC 152
5. The Relationship Between International Developments and
Individual States Environmental Laws and Policies 153
(a) Addressing the differing needs and developed and
developing nations 154
(b) National sovereignty and international environmental law 155
(c) Enforcement of international environmental laws 156
(d) Implications for foreign investors 157
6. Conclusion 158
Chapter 8 Development Agreements with Host Governments 161
Piero Bernardini
1. Introduction 161
2. Historical Evolution: from Concession to Contract 162
(a) The context of the developing developed countries
relations 162
(b) The concession 163
(c) The emergence of new principles 163
(d) The impact on development agreements 165
TABLE OF CONTENTS ix
3. New types of Contractual Arrangements 165
(a) The joint venture contract 166
(b) The production sharing contract 166
(c) Service contract and technical assistance agreement 167
(d) The turnkey contract (including BOT schemes) 168
(e) A question of control? 168
4. Legal Characterization: Public Law Private Law Contracts 168
5. Contractual Protection of Foreign Investment 170
(a) Stabilization clauses 170
(b) Exchange control clauses 171
(c) Internationalization or denationalization of development
agreements 172
(d) International arbitration 172
(e) Renegotiation 173
6. Concluding Remarks 173
Chapter 9 The Use of Joint Ventures in FDI 175
Robert Pritchard
1. The International Joint Venture Rationale 175
(a) International business risks 176
(b) Scale 176
(c) Sharing of resources, technology or knowhow 177
(d) Host country policies and their implications 177
2. Types of Joint Venture Structure 179
(a) Corporate joint ventures 179
(b) Contractual joint ventures 180
(c) Partnerships 184
(d) Trusts 184
3. A Fiduciary Relationship? 185
4. The Duty of Confidentiality 188
5. Designing the JVA 189
(a) Corporate joint ventures 189
(b) Contractual joint ventures 190
6. Impact of Financing Considerations on Choice and Design of
Joint Venture Structure 193
(a) Corporate joint ventures 193
(b) Contractual Joint Ventures 194
7. Conclusion 196
Chapter 10 Issues in Project Finance 197
John Teolis
1. Introduction 197
2. Recourse Versus Non recourse 198
3. Risk Minimization General Approach 199
x TABLE OF CONTENTS
4. Insurance and Bonding 200
5. Specific Project Risks 201
(a) Completion risk 201
(b) Technology risk 202
(c) Operational risk 203
(d) Supply risk 203
(e) Sales risk 204
(f) Political risk 204
(g) Environmental risk 204
(h) Currency/foreign exchange risk 206
(i) Force majeure risk 206
6. Governing Law Issues 207
7. Conclusion 208
Chapter 11 Dispute Resolution 209
Jan Paulsson
1. Why ADR and Courts Do Not Suffice 209
(a) Third party assisted negotiation ( ADR ) 209
(b) National courts 210
2. International Arbitration 211
(a) Reasons for its primacy in practice 211
(b) Ad hoc arbitration 212
(c) Institutional arbitration 214
3. The Leading Institutions 215
(a) ICC 215
(b) ICSID 218
(c) LCIA 220
(d) WIPO 222
(e) National institutions 222
4. The Arbitration Agreement 222
(a) Importance of the place of arbitration 223
(b) Relation to applicable law 226
(i) National law 227
(ii) General principles of law 228
(iii) Concurrent laws 229
(iv) Clauses freezing the law 229
(v) Lex mercatoria 230
(vi) Trade usage 230
(vii) Amiable composition and equity clauses 231
(c) Pitfalls 232
(d) A new international trend: arbitration without privity 233
(i) Investment Protection Laws 234
(ii) Bilateral Investment Treaties (BITs) 235
(iii) The Energy Charter Treaty 236
TABLE OF CONTENTS xi
5. Disputes and Development 243
(a) Perceptions of fairness: the permanent crisis of confidence 243
(b) Toward a global regime for the obligatory resolution
of investment 246
Index 249
|
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| indexdate | 2024-12-23T14:17:34Z |
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| language | English |
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| publishDate | 1996 |
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| publisher | Kluwer Law Internat. [u.a.] |
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| series2 | International Bar Association series |
| spellingShingle | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era Buitenlandse investeringen gtt Développement économique - Projets - Droit ram Economische hervormingen gtt Herzieningen gtt Investissements étrangers - Droit international ram Juridische aspecten gtt Recht Wirtschaftsentwicklung Economic development Economic development projects Law and legislation Investments, Foreign Investments, Foreign Law and legislation Auslandsinvestition (DE-588)4003772-1 gnd Rechtsvergleich (DE-588)4115712-6 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd |
| subject_GND | (DE-588)4003772-1 (DE-588)4115712-6 (DE-588)4066438-7 |
| title | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era |
| title_auth | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era |
| title_exact_search | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era |
| title_full | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era ed.: Robert Pritchard |
| title_fullStr | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era ed.: Robert Pritchard |
| title_full_unstemmed | Economic development, foreign investment and the law issues of private sector involvement, foreign investment and the rule of law in a new era ed.: Robert Pritchard |
| title_short | Economic development, foreign investment and the law |
| title_sort | economic development foreign investment and the law issues of private sector involvement foreign investment and the rule of law in a new era |
| title_sub | issues of private sector involvement, foreign investment and the rule of law in a new era |
| topic | Buitenlandse investeringen gtt Développement économique - Projets - Droit ram Economische hervormingen gtt Herzieningen gtt Investissements étrangers - Droit international ram Juridische aspecten gtt Recht Wirtschaftsentwicklung Economic development Economic development projects Law and legislation Investments, Foreign Investments, Foreign Law and legislation Auslandsinvestition (DE-588)4003772-1 gnd Rechtsvergleich (DE-588)4115712-6 gnd Wirtschaftsentwicklung (DE-588)4066438-7 gnd |
| topic_facet | Buitenlandse investeringen Développement économique - Projets - Droit Economische hervormingen Herzieningen Investissements étrangers - Droit international Juridische aspecten Recht Wirtschaftsentwicklung Economic development Economic development projects Law and legislation Investments, Foreign Investments, Foreign Law and legislation Auslandsinvestition Rechtsvergleich |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007314373&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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