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Jan Paulsson - A State's Power to Make Meaningful Promises to Foreigners
10 Apr 2008 -  Mr. Jan Paulsson, Partner, Freshfields Bruckhaus Deringer LLP

"A State’s Power to Make Meaningful Promises to Foreigners"
When States bind themselves by international agreements they place limits on their future action—yet this should be understood as an exercise of sovereignty, not a breach of it. The ability to make a meaningful promise empowers States; to deny that such commitments are binding is to deprive them of a thing of great value.
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