The 4th edition of this textbook offers a comprehensive and highly topical representation of the law of nations in its entirety in one volume.

This tribute to Professor Detlev Vagts of the Harvard Law School brings together his colleagues at Harvard and the American Society of International Law, as well as academics, judges and practitioners, many of them his former students. Their essays span the entire spectrum of modern transnational law: international law in general; transnational economic law; and transnational lawyering and dispute resolution. The contributors evaluate established fields of transnational law, such as the protection of property and investment, and explore new areas of law which are in the process of detaching themselves from the nation-state such as global administrative law and the regulation of cross-border lawyering. The implications of decentralised norm-making, the proliferation of dispute settlement mechanisms and the rising backlash against global legal interdependence in the form of demands for preserving state legal autonomy are also examined.

This book outlines the principles behind the international law of foreign investment. The main focus is on the law governed by bilateral and multilateral investment treaties. It traces the purpose, context, and evolution of the clauses and provisions characteristic of contemporary investment treaties, and analyses the case law, interpreting the issues raised by standard clauses. Particular consideration is given to broad treaty-rules whose understanding in practice has mainly been shaped by their interpretation and application by international tribunals. In addition, the book introduces the dispute settlement mechanisms for enforcing investment law, outlining the operation of Investor-State arbitration. Combining a systematic analytical study of the texts and principles underlying investment law with a jurisprudential analysis of the case law arising in international tribunals, this book offers an ideal introduction to the principles of international investment law and arbitration, for students, scholars, and practitioners alike.

Gegenstand der vorliegenden Arbeit sind Fragen des Schutzes des privaten auslandischen Eigentums durch das geltende Volkerrecht. Die Natur die- ser Rechtsmaterie macht ihre kontinuierliche Beobachtung - insbesondere auch aus der Sicht kapitalexportierender Lander 1 - notwendig: Als Teilaus- schnitt des volkerrechtlichen Fremdenrechts sind die Normen uber den Ei- gentumsschutz zu keinem Zeitpunkt unabanderlich fixiert 2. Das Fremden- recht gestaltet sich in standiger Anpassung der Interessen 3 des Aufenthalts- staats, des Heimatstaats und des Fremden 4. Fur den Bereich der Beziehungen 1 Vgl. zu den deutschen Investitionen im Ausland und ihrem rechtlichen Rah- men E. -H. juttner, Forderung zum Schutz deutscher Direktinvestitionen in Entwick- lungslandern (1975). - Zu den wirtschaftlichen Grunden fur die Entscheidung zugun- sten von Direktinvestitionen im Ausland vgl. Deutscher Industrie- und Handels tag, Investieren im Ausland: Was deutsche Unternehmen draussen erwartet (1980), S. 59ff.; A. Halbach et al. , Investitionspolitik der Entwicklungslander und deren Aus- wirkung auf das Investitionsverhalten deutscher Unternehmer, Ein Forschungsprojekt des Ifo-Instituts im Auftrag des Bundeswirtschaftsministeriums (1981), S. 167 f( Vgl. auch Politische Investitionsrisiken in den Entwicklungslandern, Erfahrungen der D. E. G. , D. E. G. -Materialien Nr. 6 (1978). - Siehe zu den deutschen Direktivestitionen in der dritten Welt auch die Angaben bei S. Schultzl D. Schumacherl H. Wilkens, Wirt- schaftliche Verflechtung der Bundesrepublik Deutschland mit den Entwicklungslan- S. 128 ff. dern (1980), 2 Vgl. hierzu K. Doehring, Die allgemeinen Regeln des volkerrechtlichen Frem- denrechts und das deutsche Verfassungsrecht (1963), S. 7. R. B.

This book outlines the principles behind the international law of foreign investment. The main focus is on the law governed by bilateral and multilateral investment treaties. It traces the purpose, context, and evolution of the clauses and provisions characteristic of contemporary investment treaties, and analyses the case law, interpreting the issues raised by standard clauses. Particular consideration is given to broad treaty-rules whose understanding in practice has mainly been shaped by their interpretation and application by international tribunals. In addition, the book introduces the dispute settlement mechanisms for enforcing investment law, outlining the operation of Investor vs State arbitration.
Combining a systematic analytical study of the texts and principles underlying investment law with a jurisprudential analysis of the case law arising in international tribunals, this book offers an ideal introduction to the principles of international investment law and arbitration, for students or practitioners alike.

This book addresses aspects of international law relating to petroleum contracts, examining oil and gas agreements between states and private companies and their intersection with rules of international law. It provides detailed and insightful coverage of the current practice as well as commentary and analysis based on the authors' extensive experience. The book covers topics such as the nature of international petroleum contracts, petroleum agreements as state contracts, issues of contract stability, the development of bilateral investment treaties, natural resource cycles, political risks and the specific petroleum policies of the International Bank for Reconstruction and Development, the International Monetary Fund and the International Development Association. This is a timely and comprehensive book on this important area of law.