Article from: TDM 5 (2005), in Investor-State Disputes - International Investment Law
In today's global marketplace it is common for States to become involved in various commercial activities through State-owned enterprises. National practices regarding sovereign immunity are so diverse that formulating rules of universal application is a very difficult task. That task is even more complex when Stateowned enterprises are involved in international business transactions. The purpose of this article is to highlight recent trends and issues in the area of sovereign immunity that are frequently encountered in international commercial arbitration.