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  • The Brazilian Loans Case and the Serbian Loans Case were a starting point for the development of foreign investment arbitration. Main points of interest in these cases are firstly, how the court determined its jurisdiction and secondly, that the State has a right to represent and protect its nationals before the court, even in civil law matters. The court ruled that any contract which is not a contract between States in their capacity as subjects of international law is in fact based on the municipal law of some country. When ruling on a case and using the municipal law the court is obliged to take into account what the municipal courts have already said on the matter. As a result of these decisions the validity of a gold clause in international contracts was strengthened. Both cases therefore act as a lasting validation of the pacta sunt servanda rule.
  • The Brazilian Loans Case and the Serbian Loans Case were a starting point for the development of foreign investment arbitration. Main points of interest in these cases are firstly, how the court determined its jurisdiction and secondly, that the State has a right to represent and protect its nationals before the court, even in civil law matters. The court ruled that any contract which is not a contract between States in their capacity as subjects of international law is in fact based on the municipal law of some country. When ruling on a case and using the municipal law the court is obliged to take into account what the municipal courts have already said on the matter. As a result of these decisions the validity of a gold clause in international contracts was strengthened. Both cases therefore act as a lasting validation of the pacta sunt servanda rule. (en)
Title
  • Brazilian Loans Case and Serbian Loans Case
  • Brazilian Loans Case and Serbian Loans Case (en)
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  • Brazilian Loans Case and Serbian Loans Case
  • Brazilian Loans Case and Serbian Loans Case (en)
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  • RIV/49777513:23330/12:43916051!RIV13-MSM-23330___
http://linked.open...avai/riv/aktivita
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http://linked.open...vai/riv/dodaniDat
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  • 125494
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  • RIV/49777513:23330/12:43916051
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  • State; Serbian Loans Case; municipal law; jurisdiction; Brazilian Loans Case (en)
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  • [99B483945957]
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  • Oxford
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  • 1
http://linked.open...i/riv/nazevZdroje
  • Max Planck Encyclopedia of Public International Law. Vol. 1
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  • Sander, Gerald G.
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  • Oxford University Press
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  • 978-0-19-929168-7
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  • 23330
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