The energy reform in Mexico has implemented far-reaching changes in the political, economic, and legal spheres of the country. Any process whereby an industry is opened to private investment investment gives rise to the possibility of disputes that need to be settled within an environment of legal certainty. International arbitration in general, and investment arbitration in particular, are tools that serve both the investor and the state to properly resolve disputes that arise in the energy sector. However, the author argues that a balance must be sought between the legitimate interests and expectations of an investor and the public policy interests of the state, particularly whenever a sector as significant as energy is concerned.
As China continues to open up to the transnational circulation of labor, ideas, technology and capital under globalization, one must wonder: will Chinese society’s more cosmopolitan and transnational groups continue to be guided by guanxi, the system of social networks and influential relationships that facilitate business and other dealings?
Steven W. Lewis, Elaine Howard Ecklund, Di DiMarch 31, 2017