Abstract
At the multilateral level, developed countries wanted to establish the Hull principle as a mechanism for compensations for expropriations and international arbitrations as a mechanism for the settlement of investment disputes. On the other hand, developing countries wanted to have compensations be regulated by international law and their domestic laws and have their courts as the forum to settle investment disputes. The chapter describes what was in fact agreed to by South American countries in Bilateral Investment Treaties (BITs), which ended the long debate by making an extensive comparative analysis on its main provisions.
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Gwynn, M.A. (2016). BITs in Practice: An Empirical and Comparative Analysis of South American Countries’ BITs. In: Power in the International Investment Framework. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-57143-4_4
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DOI: https://doi.org/10.1057/978-1-137-57143-4_4
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