Introduction

The late Prof. Wälde once rightly claimed that " une grande partie du droit international des investissements peut être vue comme principalement centrée sur la reduction de et l'aide à la gestion du risque politique ". Foreign Direct Investment (FDI) protection and political risk insurance are in fact the two opposite sides of one coin. Nevertheless, so far scholars focused on treatment and protection and paid little attention to insurance. Indeed, unlike the ever increasing bibliography on treatment and protection, only a limited number of studies ...