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Externalization of Effective Legal Protection against Indirect Expropriation

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Can the Legal Order of Developing Countries Live up to the Standards Required by International Investment Agreements? A Disenchanting Comparative Analysis

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Affiliations: 1: Dr. jur. (Munich), Rechtsanwalt (German lawyer); Partner at Baker & McKenzie, Moscow. The author has advised on many investments being made in emerging markets as well as some international arbitration proceedings. He may be contacted at ‹›.; 2: Ref jur. (Marburg), LL.M. (Sheffield); Research Fellow, Lecturer and Doctoral Candidate, EberhardKarls-University, Tubingen, Germany, Faculty of Law. His research is mainly directed towards the International and EC Legal Framework on Foreign Investment. The author thanks the Working Committee of the Research Assistants in Public Law at the University of Tübingen, Law School for helpful comments on earlier drafts of this article; the participants of the joint seminar on international investment law of the Universities of Kiel and Salzburg in November 2005 in London, organized by Professor Geistlinger and Professor Trunk, for valuable criticism; as well as Ms Bornmann and Mr Wahlen for proofreading. He may be contacted at ‹›.


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