Publication Type
Journal Article
Version
publishedVersion
Publication Date
1-2017
Abstract
The Pan-African Investment Code (PAIC) is the first continent-wide African model investment treaty elaborated under the auspices of the African Union. The PAIC has been drafted from the perspective of developing and least-developed countries with a view to promote sustainable development. The PAIC contains a number of Africa-specific and innovative features, which presumably makes it today a unique legal instrument. Written in a time where the international investment community is still debating the future of international investment law, this article seeks to present and contextualize this first African model investment treaty. The article highlights the most innovative features of the PAIC, such as the reformulation of traditional investment treaty provisions and the introduction of direct obligations for investors.
Keywords
African Union, regionalism, investment treaties reform, sustainable development
Discipline
Business Organizations Law | International Law | International Trade Law
Publication
Journal of World Investment and Trade
Volume
18
Issue
3
First Page
414
Last Page
448
ISSN
1660-7112
Identifier
10.1163/22119000-12340047
Publisher
Brill Academic Publishers: 12 months
Citation
MBENGUE, Makane Moïse and SCHACHERER, Stefanie.
The 'Africanization' of international investment law: The Pan-African Investment Code and the reform of the international investment regime. (2017). Journal of World Investment and Trade. 18, (3), 414-448.
Available at: https://ink.library.smu.edu.sg/sol_research/3945
Copyright Owner and License
Publisher
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1163/22119000-12340047
Included in
Business Organizations Law Commons, International Law Commons, International Trade Law Commons