South Africa’s Foreign Investment Regulation: A revisit, by Azwimpheleli Langalanga*

History of South Africa’s BIT regime

South Africa emerged from international isolation in 1994 after ushering in a majority governance system. It was the last country in the African continent to gain freedom. Most countries which had gained independence during the decolonisation period had engaged in economic nationalism. In Southern Africa, Zambia was one of them. South Africa as the last African country to attain political freedom had to signal to the world and foreign investors in particular that it was a safe investment destination.[1] Continue reading

ICSID Tribunal Declines Jurisdiction when Confronted with Corruption, by Antonio Delgado

On 4 October 2013, ICSID dispatched the arbitral tribunal’s award in Metal-Tech Ltd v the Republic of Uzbekistan.[1] The tribunal declined jurisdiction after finding that corruption had been established “to an extent sufficient to violate Uzbekistan law in connection with the establishment of the Claimant’s investment in Uzbekistan.”[2] Continue reading

The OHADA Celebrates its 20th Anniversary, by Antonio Delgado

On 17 October 2013, the Organisation pour l’Harmonisation en Afrique du Droit des Affaires (Organisation for the Harmonization of Business Law in Africa) or OHADA celebrated its 20th anniversary under the presidency of Burkina Faso. A series of events have been organised to commemorate the event, including a meeting of business law experts in Ouagadougou to discuss the achievements and the future prospects of the organisation.[1] Continue reading