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Reconceptualizing Stabilization Clauses in Light of a Constructive Sustainable Development Approach

  • Jola Gjuzi
Chapter

Abstract

The analysis in the previous Chapter showed the complex role of sustainable development language (sustainable development and sustainable development-related provisions) in the new generation of international investment agreements (“IIAs”) for reconciling the identified antinomy. This role depends on the legal function that the parties to the IIAs have accorded to the respective provisions in individual cases. Mostly, sustainable development language is couched in declaratory/aspirational language and/or it is subjected to serious limitations. It therefore proves weak for reconciling the economic and non-economic interests involved in the IIAs, and most importantly, the antinomy between stabilization clauses and the host states’ power to regulate.

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Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  • Jola Gjuzi
    • 1
  1. 1.Kalo & Associates Law FirmTiranaAlbania

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