Overview

This book provides a definition and classification for Sovereign Wealth Funds (SWFs) and discusses its phenomenon within the law context. It identifies the rules applicable to SWFs and to states hosting SWFs' investments. In eight extensive chapters, Fabio Bassan considers whether SWFs may enjoy immunity with respect to host state measures, and whether SWFs can use alternative forms of protection in Bilateral Investment Treaties. Written from an international law perspective, The Law of Sovereign Wealth Funds will appeal to students of international business, international organisations, banks and governments.

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9780857932358

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Reviews

Bassan provides a remarkable compendium on the relevant laws, regulations, and standards affecting sovereign wealth funds. These institutions are now at the very centre of the global financial system and demand greater appreciation of their distinctive qualities as well as their likely implications for nation-states and the global economy. Bassan's book is a unique contribution to understanding the governance and regulation of these institutions and will be an important resource book for those who must grapple with the growing power and global scope of these institutions. --Gordon L. Clark, University of Oxford, UK and Monash University, AustraliaThis book is not the final word on the law of sovereign wealth funds (SWFs) but it should be the first word: the place any researcher should start their research. It is sensible, comprehensive, and balanced and it is the first monograph-length analysis of this topic of which I am aware. . . anyone wanting to understand the law that governs SWFs could do no better than by starting with this book. . . It is essential reading for all policy makers in the field, and for all who practise in this area of law, or who seek to study it. --Ross P. Buckley, Journal of International Economic Law [A} work that is both important, and likely to become foundational in the field that has yet to fully define itself. Bassan has helped take an important step in that direction. Bravo --Larry Cata Backer, Law at the End of the Day blog

'Bassan provides a remarkable compendium on the relevant laws, regulations, and standards affecting sovereign wealth funds. These institutions are now at the very centre of the global financial system and demand greater appreciation of their distinctive qualities as well as their likely implications for nation-states and the global economy. Bassan's book is a unique contribution to understanding the governance and regulation of these institutions and will be an important resource book for those who must grapple with the growing power and global scope of these institutions.' - Gordon L. Clark, University of Oxford, UK and Monash University, Australia 'This book covers a true vacuum in international legal literature thanks to its multi-facet in-depth analysis of SWFs, a new type of protagonists of transnational investments in the global economy. It analyses critically the various approaches put forth to pinpoint real nature, legal set-up, relevant features in the diverse operating activity of SWF in the perspective of addressing the issue of the most appropriate regulation that would ensure two apparently conflicting goals: the protection of SWF investments and of host states' legitimate concerns for vital national political or economic interests and the diverse activities. On this basis, the author reviews the various international hard and soft law regulations proposed and the relevance of existing disciplines including Bilateral Investment Treaties. The full coverage of the issue of sovereign immunity in respect of SWF is a useful completion of the author's analysis.' - Giorgio Sacerdoti, Bocconi University, Italy

'. . . a work that is both important, and likely to become foundational in the field that has yet to fully define itself. Bassan has helped take an important step in that direction. Bravo' -- Larry Cata Backer, Law at the End of the Day blog 'This book is not the final word on the law of sovereign wealth funds (SWFs) but it should be the first word: the place any researcher should start their research. It is sensible, comprehensive, and balanced and it is the first monograph-length analysis of this topic of which I am aware. . . anyone wanting to understand the law that governs SWFs could do no better than by starting with this book. . . It is essential reading for all policy makers in the field, and for all who practise in this area of law, or who seek to study it.' -- Ross P. Buckley, Journal of International Economic Law 'Bassan provides a remarkable compendium on the relevant laws, regulations, and standards affecting sovereign wealth funds. These institutions are now at the very centre of the global financial system and demand greater appreciation of their distinctive qualities as well as their likely implications for nation-states and the global economy. Bassan's book is a unique contribution to understanding the governance and regulation of these institutions and will be an important resource book for those who must grapple with the growing power and global scope of these institutions.' -- Gordon L. Clark, University of Oxford, UK and Monash University, Australia 'This book covers a true vacuum in international legal literature thanks to its multi-facet in-depth analysis of SWFs, a new type of protagonists of transnational investments in the global economy. It analyses critically the various approaches put forth to pinpoint real nature, legal set-up, relevant features in the diverse operating activity of SWF in the perspective of addressing the issue of the most appropriate regulation that would ensure two apparently conflicting goals: the protection of SWF investments and of host states' legitimate concerns for vital national political or economic interests and the diverse activities. On this basis, the author reviews the various international hard and soft law regulations proposed and the relevance of existing disciplines including Bilateral Investment Treaties. The full coverage of the issue of sovereign immunity in respect of SWF is a useful completion of the author's analysis.' -- Giorgio Sacerdoti, Bocconi University, Italy

`. . . a work that is both important, and likely to become foundational in the field that has yet to fully define itself. Bassan has helped take an important step in that direction. Bravo' -- Larry Cata Backer, Law at the End of the Day blog `This book is not the final word on the law of sovereign wealth funds (SWFs) but it should be the first word: the place any researcher should start their research. It is sensible, comprehensive, and balanced and it is the first monograph-length analysis of this topic of which I am aware. . . anyone wanting to understand the law that governs SWFs could do no better than by starting with this book. . . It is essential reading for all policy makers in the field, and for all who practise in this area of law, or who seek to study it.' -- Ross P. Buckley, Journal of International Economic Law `Bassan provides a remarkable compendium on the relevant laws, regulations, and standards affecting sovereign wealth funds. These institutions are now at the very centre of the global financial system and demand greater appreciation of their distinctive qualities as well as their likely implications for nation-states and the global economy. Bassan's book is a unique contribution to understanding the governance and regulation of these institutions and will be an important resource book for those who must grapple with the growing power and global scope of these institutions.' -- Gordon L. Clark, University of Oxford, UK and Monash University, Australia `This book covers a true vacuum in international legal literature thanks to its multi-facet in-depth analysis of SWFs, a new type of protagonists of transnational investments in the global economy. It analyses critically the various approaches put forth to pinpoint real nature, legal set-up, relevant features in the diverse operating activity of SWF in the perspective of addressing the issue of the most appropriate regulation that would ensure two apparently conflicting goals: the protection of SWF investments and of host states' legitimate concerns for vital national political or economic interests and the diverse activities. On this basis, the author reviews the various international hard and soft law regulations proposed and the relevance of existing disciplines including Bilateral Investment Treaties. The full coverage of the issue of sovereign immunity in respect of SWF is a useful completion of the author's analysis.' -- Giorgio Sacerdoti, Bocconi University, Italy

Author Information

Fabio Bassan, Professor of International Law, Department of Business Economics, Roma Tre University, Italy

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