The Calvo Doctrine in Modern Investment Arbitration: Sovereign Immunity Clashes with Investor-State Dispute Settlements
The Calvo Doctrine in Modern Investment Arbitration: Sovereign Immunity Clashes with Investor-State Dispute Settlements Have you heard of the Calvo doctrine? In the realm of international investment law, two competing principles have historically guided the treatment of foreign investors: the assertion of sovereign immunity by host states and the protection of investors under international arbitration mechanisms. At the core of this tension lies the Calvo Doctrine, a Latin American legal principle rooted in 19th-century nationalist Read more