When the State Sovereign Immunity Rule Meets Sovereign Wealth Funds in the Post Financial Crisis Era: Is There Still a Black Hole in International Law? | |
Shang, Shu1,2; Shen, Wei3 | |
刊名 | LEIDEN JOURNAL OF INTERNATIONAL LAW |
2018-12 | |
卷号 | 31期号:4页码:915-938 |
关键词 | China immunity rule international law sovereignty rule sovereign wealth funds |
ISSN号 | 0922-1565 |
DOI | 10.1017/S0922156518000420 |
英文摘要 | This article examines the state sovereign immunity rule in the context of a rising number of sovereign wealth funds and their ever-increasing value of cross-border commercial activities in the aftermath of the latest global financial crisis. The concept of sovereignty and the rule of sovereignty remain in a state of flux while new actors such as sovereign wealth funds are participating in global commercial activities in a nontransparent and politically motivated manner. Accordingly, states may pursue strategic foreign policy objectives through these newer investment arms in an unconventional way, thereby being deeply involved in the political-economic arena and distorting the existing concepts of international law. This article posits that there is an international law black hole in which sovereign wealth funds have come to engage in commercial activities as well as exercise the public functions traditionally associated with states (acts jure imperii). The doctrine of restrictive immunity has come into question and the bulk of local court decisions have offered little clear guidance. Against this backdrop three interconnected perspectives are then discussed with reference to emerging economies like China: the immunity rule, the principle of sovereignty, and the balance of power in globalization. |
WOS研究方向 | Government & Law |
语种 | 英语 |
出版者 | CAMBRIDGE UNIV PRESS |
WOS记录号 | WOS:000448941400010 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/463] |
专题 | 上海财经大学 |
通讯作者 | Shen, Wei |
作者单位 | 1.Chinese Univ Hong Kong, Fac Law, Hong Kong, Hong Kong, Peoples R China; 2.Shanghai Univ Finance & Economics, Free Trade & ADR Res & Dev Ctr, Shanghai, Peoples R China; 3.Shanghai Jiao Tong Univ, Law Sch, Law, Shanghai, Peoples R China |
推荐引用方式 GB/T 7714 | Shang, Shu,Shen, Wei. When the State Sovereign Immunity Rule Meets Sovereign Wealth Funds in the Post Financial Crisis Era: Is There Still a Black Hole in International Law?[J]. LEIDEN JOURNAL OF INTERNATIONAL LAW,2018,31(4):915-938. |
APA | Shang, Shu,&Shen, Wei.(2018).When the State Sovereign Immunity Rule Meets Sovereign Wealth Funds in the Post Financial Crisis Era: Is There Still a Black Hole in International Law?.LEIDEN JOURNAL OF INTERNATIONAL LAW,31(4),915-938. |
MLA | Shang, Shu,et al."When the State Sovereign Immunity Rule Meets Sovereign Wealth Funds in the Post Financial Crisis Era: Is There Still a Black Hole in International Law?".LEIDEN JOURNAL OF INTERNATIONAL LAW 31.4(2018):915-938. |
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