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The Harmonisation of Substantive and Dispute Resolution Law in the Union for the Mediterranean

Author: Filali OSMAN

Type: Article

ref: 62015597-628

N0:6 of 2015

Pages: 597-628

International trade has always oscillated between interventionism and liberalism, depending on conflicts, military or economic influences and fall-back or expansionist positions. Whatever the ambient ideological climate, each sovereign state operates a cost-benefit analysis to independently regulate its economy either in a unilateral nature or, conversely, within a conventional bi- or multilateral, regional or international framework. Investment law is no exception to this observation. It is thus in the context of multilateralism that the question of unification or harmonisation of investment law in the Mediterranean area, i.e. a lex mediterranea of investments, is addressed.