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- W3124326765 abstract "Forty years after his rise to power, Fidel Castro continues to preoccupy the minds of American policymakers. This is evidenced by a range of Castro-inspired measures, from the 1962 Hickenlooper Amendment to the 1996 Helms-Burton legislation, many of which have been in reaction to Castro's uncompensated expropriation of American property. This essay discusses a proposal by Edwin D. Williamson which would be the latest in this series of measures.The use of treaties to protect property against expropriation by foreign states dates from the early nineteenth century. Such efforts have reached unprecedented magnitude in the late twentieth century as more than 160 states have participated in the negotiation of a network of more than 1300 bilateral investment treaties (BITs) that protect foreign investment against expropriation, currency exchange controls, and discriminatory treatment. Williamson proposes that this network of treaties be supplemented by a multilateral agreement enabling the former owner of expropriated property to file a civil action for compensation against any party that subsequently acquires the expropriated property or products produced therefrom. Given that the expropriation of foreign-owned property has become a rare occurrence in the last decade, this new proposal for a treaty directed solely at the problem of expropriation is somewhat surprising.The explanation lies in the continuing preoccupation with Castro. Williamson has proposed a treaty that would provide relief to victims of Cuban expropriations similar to that afforded by Helms-Burton, thereby allowing Congress to repeal that highly controversial legislation without diminishing the remedies available to American victims of the Cuban expropriations. Williamson suggests that the treaty would serve the further purpose of discouraging future expropriations. International law, however, recognizes the legitimate power of states to expropriate foreign-owned property, as long as they pay just compensation, a principle also recognized in the Fifth Amendment to the U.S. Constitution. The problem thus should be seen as one of ensuring compensation, not deterring expropriation." @default.
- W3124326765 created "2021-02-01" @default.
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- W3124326765 date "1999-01-01" @default.
- W3124326765 modified "2023-09-25" @default.
- W3124326765 title "Fixing International Law or Fixing Castro" @default.
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