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Principles of International Investment Law, 2nd Edition by Dolzer, Rudolf; Schreuer, Christoph (15th November 2012)

I History, Sources, and Nature of International Investment Law

From: Principles of International Investment Law (2nd Edition)

Rudolf Dolzer, Christoph Schreuer

Subject(s):
International economic law — Specialized treaty frameworks — International minimum standard — Investor — Law of treaties — BITs (Bilateral Investment Treaties) — History of international law — Since World War II — Sources, foundations and principles of international law
As early as 1796, John Adams, after having negotiated for the United States the first Treaty on Friendship, Commerce and Navigation with France, emphatically highlighted the protection of alien property by the rules of international law: There is no principle of the law of nations more firmly established than that which entitles the property of strangers within the jurisdiction of another country in friendship with their own to the protection of its sovereign by all efforts in his power. 1 Until the Communist Revolution in Russia in 1917 neither state practice nor...
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