CourseForeign Investment in Developing Economies: Its Regulation and Protection - Law 643M
Instructor Robert N. Hornick   View Faculty Page
Units 2 - Graded


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This course will introduce students to the “new order” of international investment protections that emerged during the last quarter of the twentieth century to protect foreign investors from the political risks that traditionally inhibited them from making substantial investments in the third world--risks such as expropriation, regulatory interference, currency exchange controls, devaluation, civil disturbance, breach of contract, and corruption. Subjects to be covered will include (i) minimization of political risk via special transaction structures, special contract clauses, and insurance, (ii) substantive protections provided to investors in international law, (iii) international arbitration of investment disputes, and (iv) compensation and enforcement issues.  We will also discuss criticisms that have been made by states, investors and scholars of this "new order" of investment protection, including several reform proposals.




Rudolf Dolzer & Christoph Schreuer, Principles of International Investment Law (Oxford University Press, 2d ed. 2012).

The cost new is about $50. The book will be supplemented by web linked reading and pdf copies of cases that will be posted on D2L.

Course Format

Lecture, discussion, role play

Written Assignments

Two short papers and a final paper

Type of Exam


Basis for grading

Papers, class participation

Additional Comments

Course will include a mock investor-State arbitration in which each student will make an oral argument. 

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