Introduction

When an investment is made in a foreign country it often is necessary to comply with certain prerequisites, such as prior governmental approval or registration, imposed by municipal law. If the investment is made pursuant to a concession, construction, or supply contract with the local government, other requirements, such as compliance with procurement regulations, may also arise. This article analyzes the principle requirements facing a foreign investor and the legal consequences in the event of non-compliance. The focus is on the type of problems that arise rather ...