Tuesday, March 8, 2016

New Book: CL Lim's Alternative Visions of the International Law on Foreign Investment (CUP)

Alternative Visions of the International Law on Foreign Investment: Essays in Honour of Muthucumaraswamy Sornarajah
CL Lim (editor)
Cambridge University Press
March 2016, 529 pp
Description: This book consisting of 16 essays is about the forces that are reshaping the international law on foreign investment today. It begins by explaining the liberal origins of contemporary investment treaties before addressing a current backlash against these treaties and the device of investment arbitration. The book describes a long-standing legal-intellectual resistance to a neo-liberal global economic agenda, and how tribunals have interpreted various treaty standards instead. It introduces our reader to the changes now taking place in the design of a range of familiar treaty clauses, and it describes how some of these changes are now driven not only by developing and emerging economies but also by the capital-exporting nations. Finally, it explores the life, career and writings of Muthucumaraswamy Sornarajah, a scholar whose work has been dedicated to the realisation of many of these changes, and his views about the hold global capital has over legal practice.  Professor Lim contributes three chapters to the volume: "The worm's view of history and the twailing machine" (Ch 1), "Is the umbrella clause not just another treaty clause?" (ch 13), "The many-headed hydra and laws which rage of gain, a chapter in conclusion" (ch 16).

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