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VI Expropriation

From: Principles of International Investment Law (2nd Edition)

Rudolf Dolzer, Christoph Schreuer

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 02 December 2022

International economic law — Expropriation — Creeping expropriation — Legitimate expectations — Indirect expropriation — Expropriation of contract rights
The rules of international law governing the expropriation of alien property have long been of central concern to foreigners in general and to foreign investors in particular. Expropriation is the most severe form of interference with property. All expectations of the investor are destroyed if the investment is taken without adequate compensation. On the level of customary international law, the minimum standard for the protection of aliens came to place limitations on the territorial sovereignty of the host state and to protect alien property. On the level of...
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