Introduction

After two rounds of General Counsels' Roundtable at Stanford University on the legal paradigm of infrastructure investment in emerging markets, it was agreed that the investment landscape in these emerging markets has been changing rapidly since the last few years of the 1990s. Toward the end of the decade, there were increasing numbers of investments by new players from developing countries - i.e. "South-South investment" - creating new challenges and opportunities both to host governments and traditional Western players. This article provides an evidence-base analysis ...