Governance of Direct International Investment and Capital Flows

The current legal uncertainty in the area of Foreign Direct Investment is harmful to investors as well as the countries hoping to acquire foreign capital. The growing tension concerning contradictory interests of different states will result in another change in the approach to the international investment law. In order to make the most of the chance arising on this occasion, it is necessary to understand the historical context and current situation normative background, which goes beyond the legal framework. The present study aimed at the synthetic analysis of the legal situation at this critical moment.