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The Legal Landscape Of International Energy Investment After The 2008 Global Financial Crisis

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Chapter Summary

In 2008, oil prices soared to record levels, only to collapse in July 2008 when the entire world plunged into what is now commonly called the global financial crisis (GFC) of historic severity. This chapter elaborates how governments have tended to intervene in the energy industry and how, in the contemporary era, they need to resist this temptation in the interests of attracting global capital and maintaining their economic competitiveness. In assessing the risk of change of law, the first thing to look for are safeguards which have been proven over time. 'Soft law' is a barometer for future changes of law that cannot be ignored by legal advisers concerned with the stability and security of energy investments.

Keywords: energy industry; energy security; global financial crisis (GFC); international investment law; soft law

10.1163/ej.9789004191433.i-591.61
/content/books/10.1163/ej.9789004191433.i-591.61
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