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- W2906115729 abstract "Abstract A wave of commercial investments in the natural resource sectors has rekindled debates about the place of contracts in the interface between economic governance and control over natural resources. Contracts between investors and states have provided the legal basis for many natural resource projects. They have also formed the object of renegotiations and disputes. Meanwhile, community-investor agreements have emerged as a strategy to promote local support for the business or advance local claims to natural resources. This chapter interrogates the fundamental parameters on which resource-related contracting rests. It first examines, based on positive law, the foundations of natural resource contracts, focusing on the notions of sovereignty, ownership and consent. This conceptual exploration highlights that, while consent underpins the contract, the legal construction of (state) sovereignty and (resource) ownership sets parameters for the expression of consent—namely, the actors whose consent is required, the processes through which consent is formed and manifested, and the bounds within which consent can lawfully operate. The chapter then distils some practical implications for natural resource contracts, focusing on illustrative issues relating both to the substantive and procedural dimensions of investor-state contracts, and to reframing the contracting process around a wider range of resource right holders and affected actors. The findings provide pointers for piecing together the diverse and possibly conflicting commercial and non-commercial interests that are at stake in natural resource contracts." @default.
- W2906115729 created "2019-01-01" @default.
- W2906115729 creator A5071450464 @default.
- W2906115729 date "2018-01-01" @default.
- W2906115729 modified "2023-09-28" @default.
- W2906115729 title "Reconsidering Sovereignty, Ownership and Consent in Natural Resource Contracts: From Concepts to Practice" @default.
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- W2906115729 doi "https://doi.org/10.1007/8165_2018_23" @default.
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