This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.
In newer-style investment treaties, states are increasingly protecting and enhancing their role in interpreting and applying their treaties. This evidences an important shift underway in the investment treaty system: the recalibration of interpretive authority between treaty parties and arbitral tribunals.
A translation in Mandarin is also available via the “Download Resources” button.
