National Laws Providing for Stability of International Investment Contracts: A Comparative Perspective

Abstract

In various countries, national legislative enactments provide for guarantee of contractual stability between the host State and the foreign investor. Recent years have witnessed quite a number of countries, such as Timor-Leste, Papua New Guinea, Peru, Panama, Ivory Coast, Bolivia, Venezuela, Colombia and Kazakhstan to legislate specific stability laws or to make provision for stability in general hydrocarbon laws or specific Codes in order to attract foreign investment. The article attempts to make a comparative overview of such recent developments.