State contracts, state interests and international commercial arbitration: a Third World perspective

P. Osode
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引用次数: 3

Abstract

An unmistakable feature of international commerce during the last four decades has been the active participation of developing countries, usually in the form of contractual relationships with foreign private parties. Development economists believe that many developing countries do not have, nor can they generate enough savings to finance industrialisation. The direct result is their inability effectively to pursue their development aspirations without foreign investment. Knowing that doing business with a developing state is tantamount to dealing with a partner whose legal rights, prerogatives and competence in the domestic and international legal orders may be vastly superior to those of the foreign investor, the latter has consistently demonstrated an 'almost omnivorous desire for protection of his investment'. Consequently, state contracts with foreign private parties, the subject of this paper, consistently contain, inter alia, provisions for the settlement of disputes by arbitration and for the regulation of the contracts by a body of law acceptable to the investor.
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国家合同、国家利益与国际商事仲裁:第三世界视角
过去四十年来国际商业的一个明显特征是发展中国家的积极参与,通常是以与外国私人当事方订立合同关系的形式参与。发展经济学家认为,许多发展中国家没有、也无法产生足够的储蓄来为工业化融资。其直接结果是,如果没有外国投资,它们就无法有效地追求自己的发展愿望。由于知道与一个发展中国家做生意,就等于与一个在国内和国际法律秩序中的合法权利、特权和能力可能大大优于外国投资者的合作伙伴打交道,后者一直表现出“保护其投资的几乎无所不有的愿望”。因此,本文的主题——与外国私人当事方签订的国家合同,除其他外,始终包含通过仲裁解决争议的条款,以及由投资者可接受的法律机构对合同进行监管的条款。
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