Latin America and international investment law

A mosaic of resistance

Edited by Sufyan Droubi and Cecilia Juliana Flores Elizondo

Latin America and international investment law


  • eBook

Book Information

  • Format: Hardcover
  • ISBN: 978-1-5261-5507-8
  • Pages: 448
  • Publisher: Manchester University Press
  • Price: £95.00
  • Published Date: February 2022
  • BIC Category: South & Central America (including Mexico), Latin America, Law, Investment & Securities, POLITICAL SCIENCE / World / Caribbean & Latin American, BUSINESS & ECONOMICS / Investments & Securities / General, LAW / International, Law / International law, Law / General, LAW / General
  • Series: Melland Schill Perspectives on International Law


Latin America has been a complex laboratory for the development of international investment law. While some governments and non-state actors have remained true to the Latin American tradition of resistance towards the international investment law regime, other governments and actors have sought to accommodate said regime in the region. Consequently, a profusion of theories and doctrines, too often embedded in clashing narratives, has emerged. In Latin America, the practice of international investment law is the vivid amalgamation of the practice of governments sometimes resisting and sometimes welcoming mainstream approaches; the practice of lawyers assisting foreign investors from outside and within the region; and the practice of civil society, indigenous peoples and other actors in their struggle for human rights and sustainable development.

Latin America and international investment law describes the complex roles that governments have played vis-à-vis foreign investors and investments; the refreshing but clashing forces that international organizations, corporations, civil society, and indigenous peoples have brought to the field; and the contribution that Latin America has made to the development of the theory and practice of international investment law, notably in fields in which the Latin American experience has been traumatic: human rights and sustainable development.

Latin American scholars have been contributing to the theory of international investment law for over a century; resting on the shoulders of true giants, this volume aims at pushing this contribution a little further.


Introduction: A mosaic of resistance and accommodation - Sufyan Droubi, Cecilia Juliana Flores Elizondo

Part I: The mosaic of states
1 Constructing the Calvo Doctrine: Claims to universality and charges of particularism - Philip Burton
2 Calvo Doctrine and the South American mosaic: Members, dissidents and an outsider - Magdalena Bas Vilizzio
3 Pluralist approaches to dispute settlement mechanisms - Henrique Choer Moraes and Facundo Pérez Aznar
4 The Brazilian Cooperation and Facilitation Investment Agreement as a model for Latin America - Leonardo V. P. de Oliveira and Marcus Spangenberger
5 A critical approach to the investment facilitation debate - Luciana Ghiotto
6 Domestic courts in the Latin American mosaic: Transformative constitutionalism and fair and equitable treatment - René Ureña and María Angélica Prada-Uribe

Part II: The mosaic of non-state actors
7 Corporations and international investment law in Latin America - Claus von Wobeser
8 Sociedad Civil Transnacional y Derecho Internacional Comercial y de Inversiones - Adoración Guamán
9 Latin America, indigenous peoples and investments: Resistance and accommodation - Sufyan Droubi, Cecilia Juliana Flores Elizondo and Raphael Heffron

Part III: The mosaic of narratives
10 International investment and human rights in Latin America: A quest for balance - Rodrigo Polanco Lazo and Felipe Ferreira Catalán
11 ISDS and human rights: A Latin American dialectic - Farouk El-Hosseny, Patrick Devine and Ilan Brun-Vargas
12 Inversiones internacionales y el derecho humano al agua: Análisis desde una nueva perspectiva interdisciplinaria - Javier Echaide
13 Investor's need to obtain Social License: A sustainable development argument in investor-state dispute settlement - Sebastián Preller-Bórquez
14 International Investment Law in Latin America: Universalizing Resistance - Fabian Cardenas and Jean d'Aspremont



Sufyan Droubi is a Lecturer in International Law at the University of Dundee

Cecilia J. Flores Elizondo is a Lecturer in Law at Manchester Metropolitan University

Latin America and international investment law

Edited by Sufyan Droubi, Cecilia Juliana Flores Elizondo

Hardcover £95.00 / $150.00

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