Research Handbook on Foreign Direct Investment
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Research Handbook on Foreign Direct Investment

Edited by Markus Krajewski and Rhea T. Hoffmann

Increasing international investment, the proliferation of international investment agreements, domestic legislation, and investor-State contracts have contributed to the development of a new field of international law that defines obligations between host states and foreign investors with investor-State dispute settlement. This involves not only vast sums, but also a panoply of rights, duties, and shifting objectives at the juncture of national and international law and policy. This engaging Research Handbook provides an authoritative account of these diverse investment law issues.
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Chapter 11: Africa

Dominic Npoanlari Dagbanja


This chapter is concerned with foreign direct investment and international investment law in Africa. It contributes to an understanding of the nature and scope of international investment law in Africa and the role of development in the making of IIAs in Africa. It highlights the role the search for development has played in the conclusion of bilateral investment treaties and continental and regional international investment agreements (IIAs) in Africa. The chapter argues that investment dispute settlement tribunals have an obligation to take account of the development objective in interpreting African IIAs. Furthermore, the chapter explores the historical and political contexts of investment treaties in Africa. The substantive standards of bilateral and continental and regional investment treaties in Africa as well as national investment laws and policies in Africa are examined.

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