A growing list of investor-state disputes involving the expropriation of foreign investments sits before the World Bank and other entities, making the “public purpose” issue a prominent one. Miami Partners Pedro J. Martinez-Fraga and C. Ryan Reetz will discuss their new book Public Purpose in International Law: Rethinking Regulatory Sovereignty in the Global Era at a symposium hosted by NYU Law’s Center for Transnational Litigation, Arbitration and Commercial Law. This event is part of the center’s Arbitration Forum series.
Franco Ferrari, the executive director of the center, will moderate the discussion, which, in addition to Martinez-Fraga and Reetz, will include the following speakers: Jack Coe Jr., faculty director of Pepperdine’s LLM concentration in international commercial arbitration, and Harold Hongju Koh, Sterling Professor of International Law at Yale Law School.
Martinez-Fraga and Reetz will discuss how one of the core criteria for a nation to develop is its ability to protect foreign investment, making this topic critical to the subject of developing nations. Their book examines when a state’s right to legislate is in conflict with its obligation to protect foreign investment. Martinez-Fraga and Reetz also will highlight the 11 propositions they offer at the conclusion of their book to modify the public purpose doctrine.
Martinez-Fraga is the co-leader of Bryan Cave’s International Arbitration Team. He has represented eight countries as lead counsel and has served in ICSID (World Bank) proceedings. He has published more than 50 articles in 15 countries, which have been translated into ﬁve languages, and has written six books on public and private international law. Martinez-Fraga currently serves as an adjunct professor at NYU Law.
Reetz is the managing partner of the Miami office. In addition to serving as counsel and as arbitrator in a wide range of international arbitration matters, he teaches, lectures and publishes extensively on international dispute resolution topics. A member of the American Law Institute since 2005, he served as chair of the Florida Bar International Law Section from 2013 to 2014. Reetz serves as a scholar in residence at NYU Law.
The event will take place March 23 from 6 to 8 p.m. Click here for more information or to register.