Lawrence, Jessica and Flynn, Tom (2023) The Material Constitution of International Investment Law. In: The Cambridge Handbook on the Material Constitution. Cambridge University Press, pp. 335-350. ISBN 9781009023764. Official URL: https://doi.org/10.1017/9781009023764.028
Lawrence, Jessica and Flynn, Tom (2023) The Material Constitution of International Investment Law. In: The Cambridge Handbook on the Material Constitution. Cambridge University Press, pp. 335-350. ISBN 9781009023764. Official URL: https://doi.org/10.1017/9781009023764.028
Lawrence, Jessica and Flynn, Tom (2023) The Material Constitution of International Investment Law. In: The Cambridge Handbook on the Material Constitution. Cambridge University Press, pp. 335-350. ISBN 9781009023764. Official URL: https://doi.org/10.1017/9781009023764.028
Abstract
When an owner of capital invests in their ‘home’ state, this investment is governed by national law. But when an investor exports their capital, a whole extra body of law supplements, and sometimes supplants, these domestic arrangements. This is international investment law (IIL): the vast body of investment agreements; arbitral decisions; and other forms of hard and soft law that protect the rights of foreign investors in ‘host’ states. Flynn and Lawrence critique IIL from a material constitutionalist perspective, revealing an order bound up with the history of imperialist expansion; the inscription of the rights of the investor class as general and international; and a desire to protect capital and markets from state interference. IIL is currently undergoing a ‘constitutional crisis’, but though reforms may improve certain serious flaws, material constitutionalist analysis reveals inherent features that cannot be reformed without fundamental reconfiguration of the material relations between international capital and state constitutional orders.
Item Type: | Book Section |
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Uncontrolled Keywords: | International Investment Law; Material Constitution; Constitutionalism; Materialism; Bilateral Investment Treaties |
Divisions: | Faculty of Arts and Humanities Faculty of Arts and Humanities > Essex Law School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 08 Jan 2024 15:43 |
Last Modified: | 16 May 2024 21:02 |
URI: | http://repository.essex.ac.uk/id/eprint/32543 |
Available files
Filename: The Material Constitution of International Investment Law - post-revision final submission.pdf