Search

Search Results

• Are Charter Cities Innovation Theatres or Threats to State Sovereignty? The Example of Próspera in Honduras

  Krisztián Manzinger

  Views:

  63

  In Honduras, the corrupt elite that came to power after the 2009 military coup allowed foreign investors to create special economic zones in the country as part of a new economic stimulus package. These zones were allowed to create their own private legal framework, which Tegucigalpa hoped would improve the country’s economic situation. The most famous ZEDE implemented has been Próspera, which is mainly backed by US venture capital managers. After the Honduran legal framework on ZEDEs was repealed in 2024, a certain amount of uncertainty arose, as although investments are protected for 10, or 50 years, the hostile social and political environment might pose a significant obstacle to their continued operation.

• Historical Salvage as Investment: The Effect of an ICSID Judgment on Two Legal Areas

  101-110

  Erzsébet Csatlós

  Views:

  221

  In 2007 the ICSID concluded that MHS’s contract with Malaysia to undertake complex salvage operations considered investment even if it had not significantly contributed to Malaysia’s economic development thus failed to fall within the scope of the former interpretation of the notion of investment. This decision is significant in the sphere of international investment law as it synthesizes the former practice of the ICSID concerning the definition and conceptual elements of the notion of ’investment’. Besides, the Diana case serves for the enlargement of salvage law; however it can- not be defined as a classical source of law. It gives a new way to legal protection for salvage activity thus it contributes to the orientation in the chaotic mass of mainly customary rules related to shipwreck salvaging.