Developing countries require foreign investment for growth; yet in the existing economic order, investors often come across a range of obstacles. This revised edition draws on the author's experience both as a legal academic and international investment lawyer to detail the interaction between new and traditional understandings of investment insurance. This comparative study of two countries with similar ethnic, religious and social backgrounds - the Sudan and Saudi Arabia - considers how international and Islamic law have evolved in new directions in the post Soviet years. He considers the rules, both at the domestic and the international level, for the protection and promotion of foreign investments, as well as the incentives and facilities provided for foreign investors. He also details investment treaties, national, regional and international investment insurance programmes, and remedies for aggrieved investors. Of interest to legal academics as well as business and legal professionals involved with investment in developing countries.
• Comparative study of two developing countries with similar socio-ethnic background • Topics include incentives and facilities, investment treaties, investment insurance programmes, and remedies for aggrieved investors • Author has both academic and business/legal experience
Part I. Certain Preliminary Issues: 1. Foreign investment in politico-economic perspective; 2. Prerequisites for the admission of investments; 3. Impediments to foreign investment; Part II. Encouragement and Protection: Form and Content: 4. Legal incentives; 5. Unilateral guarantees; 6. Investment treaties: bilateral and multilateral; 7. Investment insurance programmes; 8. Assessment of compensation; 9. Economic development agreements; 10. Conclusions.