Resurgence of the Calvo Doctrine in Latin America

摘要

Regional economic and political instability in Latin America has brought about a number of governmental measures affecting the profitability of foreign investments, ultimately triggering the number of claims by investors against host states. The region has thereby witnessed the awakening of efforts to limit foreign investors' recourse to international law and arbitration for the resolution of claims against the host state. Some have seen these limitations as a revival of the Calvo Doctrine.