One may conceptually divide the making of an international investment into two phases: (1) the movement of investment capital from one country to another and (2) the commitment of that capital to a specific purpose in the latter country. Different rules of national law may govern each of these phases. This chapter will focus primarily on national laws governing capital movements while the following chapter will examine national laws regulating the commitment of capital to specific investment purposes. In order to make an international investment, an investor must...
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