The State of Necessity as International Defense Raised By a State Undergoing a Financial Crisis. A Case Study
Article from: TDM 4 (2007), in New Aspects of International Investment Law - Research Seminar, Hague Academy of International Law
During the '90s, Latin America sought international insertion through state reforms. This insertion was focused on a global market economy. State intervention was reduced and state-owned companies were privatized. The main purpose was to attract foreign investment in Latin American countries. The States and investment companies entered into several agreements. Within this context, several Bilateral Investment Treaties were signed in order to provide promotion and protection to private investors. As Raúl Vinuesa explained, "the proliferation of BITs was the direct ...