The BIT is not in force: Mozambique prevails on jurisdiction in case against South African investor
Oded Besserglik v. Mozambique, ICSID Case No. ARB(AF)/14/2
Oded Besserglik v. Mozambique, ICSID Case No. ARB(AF)/14/2
The right to regulate can be defined as states’ sovereign right to regulate in the public interest—their policy space. Because international investment agreements (IIAs) were created to limit certain aspects of countries’ right to regulate, the first wave of IIAs inhibited host countries’ regulatory experimentation that could be harmful to foreign investors’ rights.
On March 21, 2018, 44 of the 55 African Union member states gathered in Kigali, Rwanda, signed the AfCFTA with a view to creating a single market in the continent.