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dc.contributor.authorAlvarez-Jimenez, Albertoen_NZ
dc.date.accessioned2017-10-04T00:54:25Z
dc.date.available2015en_NZ
dc.date.available2017-10-04T00:54:25Z
dc.date.issued2015en_NZ
dc.identifier.citationAlvarez-Jimenez, A. (2015). Advancing doctrine through devil’s advocacy: A response to Alan O. Sykes. AJIL Unbound, 109, 175–180.en
dc.identifier.urihttps://hdl.handle.net/10289/11378
dc.description.abstractAlan Sykes’ editorial comment, Economic “Necessity” in International Law, provides a multi-layered analysis of the defense of “necessity” in international investment disputes. Sykes’ main proposition is that the obligation to compensate investors for government measures prejudicing their investments during economic emergencies mitigates the risk of moral hazard and incentivizes States to “select the least expensive way to protect their interests (the optimal policy instrument).”¹ Otherwise, he contends, “actors will take risks that imperil them to an excessive degree if they can save themselves by imposing costs on others.”² Sykes nonetheless argues that payment of the compensation could be deferred in light of the emergency, and not be subject to market interest rates.³
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherAmerican Society of International Lawen_NZ
dc.rightsASIL and Alberto Alvarez-Jimenez © 2015
dc.titleAdvancing doctrine through devil’s advocacy: A response to Alan O. Sykesen_NZ
dc.typeJournal Article
dc.relation.isPartOfAJIL Unbounden_NZ
pubs.begin-page175
pubs.elements-id136168
pubs.end-page180
pubs.publication-statusPublisheden_NZ
pubs.publisher-urlhttps://www.asil.org/blogs/advancing-doctrine-through-devil%E2%80%99s-advocacy-response-alan-o-sykesen_NZ
pubs.volume109en_NZ


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