The circumstances surrounding the decision to invest … were certainly not an indication of stability of the legal environment. Therefore, in such a situation, no expectation that the laws would remain unchanged was legitimate.1Parkerings-Compagniet AS v Lithuania 8.01 Investor-state energy disputes experienced a sharp, patterned increase in the former communist states of Eastern Europe and Central Asia at roughly the same time as the nationalist movements in Latin America and other parts of the resource-exporting world. Some parallels were present but, when based...
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