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Brazil and Disputes with Foreign Investors

COMÉRCIO INTERNACIONAL E DESENVOLVIMENTO - UMA PERSPECTIVA BRASILEIRA, R. Di Sena Jr. & M.T. Costa Souza Cherem, eds., pp. 156-187, São Paulo, Saraiva, 2004

38 Pages Posted: 13 Aug 2010  

Jan Kleinheisterkamp

London School of Economics - Law Department; Cornell University - Law School

Date Written: March 1, 2004

Abstract

This article in Portuguese language traces the roots of the Brazilian resistance against international arbitration as a means for settling disputes with foreign investors. It sketches how all bilateral treaties on the protection of foreign investments signed by the Brazilian government have systematically been rejected by the Brazilian Parliament. The arguments forwarded for this rejection show that the notorious Calvo doctrine is everything but dead. This paper argues that the foundations of the Calvo doctrine can hardly be ignored. Brazil's resistance and the persistence of the Calvo doctrine give valuable insight on how the present investment dispute settlement mechanisms contained bilateral and multilateral investment treaties could be adapted in order to remove their "imperialist" image and gain broader global acceptability.

Keywords: Brazil, arbitration, investment, disputes, ICSID, Calvo

JEL Classification: F13, F21, F23, K33, K41

Suggested Citation

Kleinheisterkamp, Jan, Brazil and Disputes with Foreign Investors (March 1, 2004). COMÉRCIO INTERNACIONAL E DESENVOLVIMENTO - UMA PERSPECTIVA BRASILEIRA, R. Di Sena Jr. & M.T. Costa Souza Cherem, eds., pp. 156-187, São Paulo, Saraiva, 2004 . Available at SSRN: https://ssrn.com/abstract=1656801

Jan Kleinheisterkamp (Contact Author)

London School of Economics - Law Department ( email )

Houghton Street
London WC2A 2AE, WC2A 2AE
United Kingdom
+44 20 7955 7256 (Phone)

HOME PAGE: http://www.lse.ac.uk/collections/law/staff/jan-kleinheisterkamp.htm

Cornell University - Law School ( email )

Myron Taylor Hall
Cornell University
Ithaca, NY 14853-4901
United States

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