International Investment Law and Legal Theory: Expropriation and the Fragmentation of Sources

Expropriation is a hotly debated issue in international investment law. This is the first study to provide a detailed analysis of its norm-theoretical dimension, setting out the theoretical foundations underlying its understanding in contemporary legal scholarship and practice. Jörg Kammerhofer combines a doctrinal discussion with a theoretical analysis of the structure of the law in this area, undertaking a novel approach that critically re-evaluates existing case-law and writings. His approach critiques the arguments for a single expropriation norm based on custom, interpretation and arbitral precedents within international investment law, drawing also on generalist international legal thought, to show that both cosmopolitan and sovereigntist arguments are largely political, not legal. This innovative work will help scholars to understand the application of theory to investment law and help specialists in the field to improve their arguments.

• The only book on the law of expropriation in investment law to bring together doctrinal and theoretical arguments
• Takes a fresh look at the vexed problem of regulatory expropriation
• Encourages dialogue between disciplines to re-invigorate generalist international legal scholarship