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Library Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11

Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11

Regulatory Takings and Environmental Regulation in NAFTA's Chapter 11

Resource information

Date of publication
December 2006
Resource Language
ISBN / Resource ID
AGRIS:US2016200592

NAFTA's investment treaty has led to several expropriation compensation claims from investors hurt by new environmental regulations. Expropriation clauses in international treaties solve post-investment moral hazard problems such as hold-ups. However, these clauses can interact with National Treatment clauses in a manner that hinders investment. A police powers carve-out from the definition of expropriation can be Pareto-improvingand can increase the level of foreign investment.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Aisbett, Emma
Karp, Larry S.
McAusland, Carol

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