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

Copyright Owner and License

Publisher

Additional URL

https://doi.org/10.1163/22119000-12340047

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