- Volume 2 (2007), Issue 2
- Vol. 2 (2007), No. 2
- >
- Page 7
- p. 7
Umbrella Clauses in International Investment Litigation
I. Introduction Public authorities have a long standing tradition of contracting with foreign private partners. Contractual arrangements between the public sector and foreign private persons serve various purposes and exist in multiple forms. International concession agreements, which ordinarily purport the financing of projects that concern the exploitation of natural resources and the operations incident thereto, international public procurement con