The Global South and State Aid Schemes: The Case of Legitimate Expectations for Investors
Article from: TDM 5 (2022), in Roundup of Articles
The concept of legitimate expectations is well known to a number of domestic legal systems, as well as being recognised in public international law and European law. The parallel made in this paper is between the interpretation and application of the notion of legitimate expectations under international investment law and state aid law of the European Union (EU). This comparison is especially relevant considering a number of investment decisions, where tribunals found the existence of an investor's legitimate expectations in cases involving the withdrawal of state aid schemes ...