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Selected Works of Karl P. Sauvant
Article
Obsolescence of the obsolescing bargain: Why governments must get investor-state contracts right
Columbia FDI Perspectives (2021)
  • Karl P. Sauvant
  • Louis T. Wells
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Abstract
Gone are the days when governments could easily renegotiate natural resource and other investment contracts if foreign investors, e.g., reaped bonanzas from rising resource prices, surprisingly rich discoveries, or terms that were too favorable. Today, international investment agreements protect investors from renegotiation if they do not wish to do so. Hence, governments must get initial contracts right, including providing for possible future events. 
Disciplines
Publication Date
February 22, 2021
Citation Information
Karl P. Sauvant and Louis T. Wells. "Obsolescence of the obsolescing bargain: Why governments must get investor-state contracts right" Columbia FDI Perspectives (2021)
Available at: http://works.bepress.com/karl_sauvant/534/