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In recent years foreign direct investment in developing nations has come under threat by government policies seeking to expropriate or nationalize the assets of foreign corporations. A variety of political and economic motivations have given rise to expropriation activities. This paper examines both the political, economic and legal basis underpinning these expropriation activities and outlines a corporate risk management strategy designed to confront these emerging political/economic threats.
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With urbanization surging in China, conflicts triggered by urban housing demolition constitute a grave threat to social stability. In order to cope wi...
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I. INTRODUCTION II. BACKGROUND ON NAFTA CHAPTER 11 III. THE FUNDAMENTAL THEORETICAL DISTINCTION BETWEEN "DIRECT EXPROPRIATION" AND "INDIRECT EXPROPRIA...
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Foreign direct investment (FDI), as pointed out by Kindleberger, arises when the host country has an investment opportunity that it cannot exploit by itself because it lacks the means or technical know-how, or because of market incompleteness. A multinational corporation (MNC) may be able to exploit such an opportunity because it has the necessary capital, technology, and managerial skills to do so. In this article, the authors describe some stylized facts about expropriation episodes and other lessons learned from the empirical literature on FDI. The authors then summarize some of the main theories attempting to explain the effects of expropriation on investment and growth. Finally, they develop a theory that relates each type of expropriation to political instability and concentration...
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Edited by Stephen Antle
It is a defining attribute of government that it has the power to take private property for public purposes, without the own...
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Once a rabid dog tastes blood, it is only a short matter of time before it bites again.
The initial victim of expropriation was the flagship Half Mo...
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Whilst Harold Lovell selectively purports that all is well with Antigua's investment rankings with the Paris Club, and the Government now seeks to lau...
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WASHINGTON, Oct. 28, 2011 /PRNewswire-USNewswire/ -- Emmis Communications Corporation (Nasdaq: EMMS) (www.emmis.com) has joined with Accession Mezzanine Capital (AMC) today in filing a request for arbitration at the International Centre for Settlement of Investment Disputes (ICSID) against the Republic of Hungary.
The claimants operated the two national commercial radio stations in Hungary, Slager Radio and Danubius Radio, under licenses granted by the Hungarian broadcast regulator, ORTT. Two years ago on this date --October 28, 2009 -- ORTT awarded these licenses to two Hungarian entities with close ties to the two largest Hungarian political parties.