- Investor — Choice of law — Damages
This chapter analyzes the types of investment projects most often undertaken in developing States, and provides an analysis of the structures that can be implemented to reduce exposure to political risk. The discussions cover project types (petroleum extraction agreements and infrastructure projects), transaction structures, investor–State contracts, core State contract clauses affecting political risk (arbitration clause, choice-of-law clause, stabilization clause, and force majeure clause), clauses for guidance of courts and tribunals (damage clause, interest rate clause, local remedies clause, and waiver of sovereign immunity), and other useful contractual provisions (conversion of currency clause, payment of currency to offshore account, and binding the State as party to the contract).
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