Investment Guarantees and Political Risk Insurance

Protopsaltis, Panayotis (2019) Investment Guarantees and Political Risk Insurance. In: Krajewski M. & Hoffmann, R. (eds), Research Handbook on Foreign Direct Investment. Research Handbooks in International Law . Elgar. ISBN 9781785369841

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Apart from the terminological debate, the problématique of investment guarantees and political risk insurance (PRI) revolves around the idiosyncratic nature of political risk, compared to traditional hazard insurance. The nature of political risk influences both the market of insurance, originally dominated by public agencies, and the scope of guarantee and insurance coverage, restricted to limited political events under strict conditions. The first part of this chapter explores the particular nature of political risk and the consequent benefits and difficulties involved in the allocation of guarantees and subscription of PRI. The second is dedicated to the presentation of the investment guarantee and PRI market, in particular, the public and private PRI providers. The third, finally, focuses on the scope investment guarantees, as exemplified by the restrictions introduced by the Multilateral Investment Guarantee Agency in relation to coverage and compensation for expropriation.

Item Type: Book Section
Date: 26 April 2019
Uncontrolled Keywords: investment guarantees; political risk insurance; PRI; hazard insurance; insurance; public agencies; insurance coverage; politics; scope investment guarantees; Multilateral Investment Guarantee Agency; expropriation.
Subjects: M100 Law by area
M200 Law by Topic
M900 Other in Law
Divisions: Faculty of Business, Law and Social Sciences > School of Law
REF UoA Output Collections > REF2021 UoA18: Law
Depositing User: Panayotis Protopsaltis
Date Deposited: 04 Apr 2018 09:07
Last Modified: 14 Jul 2020 09:31

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