INTERNATIONAL LEGAL REGULATION ON FOREIGNE DIRECT INVESTMENTS

Mihai Berinde (), Liana Mester and Dana Petrica ()
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Mihai Berinde: Universitatea din Oradea
Dana Petrica: Universitatea din Oradea

Annals of Faculty of Economics, 2017, vol. 1, issue 2, 294-299

Abstract: Analysing the factors that have impact in attracting foreign investors to an economy, we realized that the protection of investments plays a very important role. This protection has many practical forms, but one that appeared to gain the investors’ trust was the clause from the Bilateral Investment Treaties regarding the international arbitration at ICSID. In last years the number of cases judged at ICSID had an exponential increase, and the damages that were awarded overpassed the amount of billions of dollars. This numbers had drawn our attention so that we considered that this subject needs further attention. For a better understanding of this field, a short presentation of the international regulation of foreign direct investments is presented in this research paper. The source of the international law is also an interesting aspect, because there is no international Parliament or Government or any other international law issuing institute. So, the legal principles in international law are coming from different sources such as: international conventions, international custom, general law principles recognized by civilized countries, previous decisions awarded by international courts and studies and other work made by scholars. In time, this had an interesting evolution, starting from no regulation till today when there are specialized international courts that only deal with international investment disputes.

Keywords: Foreign Direct Investment; legal regulation; international law (search for similar items in EconPapers)
JEL-codes: F37 F51 K22 (search for similar items in EconPapers)
Date: 2017
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