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Postgraduate Laws programme:
Master of Laws (LLM), Postgraduate Diploma and Postgraduate Certificate

Course outline


International investment law
Section A: Evolution of the law of foreign investment
· Origins of the law of foreign investment: the early years
· National standards v. international minimum standard
· National treatment and the Calvo doctrine
· The duty to compensate and the Hull formula
Section B: International efforts to regulate foreign investment
· United Nations efforts
· Efforts made by the World Bank
· OECD efforts
· The role of the World Trade Organization
Section C: Regulation under bilateral and regional investment treaties (BITs)
· Origins of BITs
· The content of BITs
· Significance of BITs
· Regional treaties: NAFTA
Section D: The case-law on the treatment of foreign investment
· Fleshing out of the principles of the law of foreign investment
· Definition of expropriation and nationalization
· Determination of the quantum of compensation
· Extending the frontiers of expropriation
Sequence:
Section A first, followed by Section B.
Textbooks:
M. Sornarajah, The International Law on Foreign Investment 2nd ed (Cambridge: Cambridge University Press, 2004), ISBN: 9780521545563
Peter T. Muchlinski, Multinational Enterprises and the Law (Oxford: Blackwell, 1999),
ISBN: 9780631216766