Sovereign Wealth Funds: Mind the GAPP (Generally Accepted Principles and Practices)!
The ongoing credit crisis has thrown the spotlight onsovereign wealth funds (SWFs). “The size and activities of SWFs in recent years have led to heightened attention on, and suspicion about, them,” commented Locknie Hsu, Singapore Management University law professor specialising in international trade and dispute settlement law. Hsu recently authored a commentary on the new set of voluntary principles, known as the 'Santiago Principles', adopted and publicly released in October 2008 to govern such funds. Also known as the Generally Accepted Principles and Practices (GAPP), the principles were negotiated by the International Monetary Fund’s (IMF) International Working Group comprising over 20 countries, most from the developing world.
International Trade Law | Transnational Law
Law of Transnational Business
Singapore Management University, Office of Research
Sovereign Wealth Funds: Mind the GAPP (Generally Accepted Principles and Practices)!. (2008). Knowledge@SMU. Research Collection School Of Law.
Available at: http://ink.library.smu.edu.sg/sol_research/504