03Sep2010
A Brief Comment on the “Public Statement on the International Investment Regime”
On 31 August 2010, a group of over 35 academics (not including the current author), published a Public Statement on the International Investment Regime (Statement). The preamble to the three-page Statement outlines why the Statement has been issued:
We have a shared concern for the harm done to the public welfare by the international investment regime, as currently structured, especially its hampering of the ability of governments to act for their people in response to the concerns of human development and environmental sustainability.
The Statement highlights a number of concerns, including that investment treaties have been given unduly pro-investor interpretations; the award of damages [...]
