eBook

Investing with confidence : understanding political risk management in the 21st century

Lu, Kevin W, Perera, Srilal M, Verheyen, Gero

2009

Overview

'Investing with Confidence: Understanding Political Risk Management in the 21st Century' is the latest book in a series based on the MIGA–Georgetown University Symposium on International Political Risk Management. The most recent symposium brought together almost 200 senior practitioners from the political risk insurance (PRI) industry, including investors, insurers, brokers, lenders, academics, and members of the legal community. This volume addresses the key issues relevant for investors today, including arbitration, understanding and pricing for risk, and new developments in investments through timely assessments from 15 experts in the fields of international investment, finance, insurance, law, and academia. Contributors to this volume examine key political risk issues including claims and arbitration, perspectives on pricing from private, public and multilateral providers, and explore new frontiers in sovereign wealth funds and Islamic finance. The volume begins with a look back to the founding of International Center for the Settlement of Investment Disputes (ICSID) and MIGA and the respective visions for both of these important institutions. It continues with a review of new developments in global finance and risk management, including Islamic finance and sovereign wealth funds, and provides an investor perspective of what drives the decision making process on procuring political risk insurance. The volume then turns to consider methodologies of pricing from the private, public, and multilateral perspectives, and examines the expropriation and the pledge of shares. This section focuses on key legal questions such as understanding expropriation and the outcome of arbitration hearings, the latter being particularly relevant given the number of cases currently before arbitral panels. The volume concludes with an overview of the key thoughts raised by the authors and the implications for investors going forward. 'Investing with Confidence' offers valuable insights for practitioners and investors alike and is particularly relevant in today's uncertain markets.

• Publisher: World Bank,World Bank Publications,The World Bank
• Subject: 21st century / ABSTENTION / ACCOUNTING / ACCOUNTING PRINCIPLES / ADJUDICATION / ADMINISTRATIVE ACTIONS / ARBITRAGES / ARBITRAL AWARDS / ARBITRAL DECISION / ARBITRAL TRIBUNAL / ARBITRAL TRIBUNALS / ARBITRATION / ASSETS / Auslandsinvestition / BALANCE OF PAYMENTS / BANKING SYSTEMS / BANKRUPTCY / BOND / BOOK VALUE / BREACH OF CONTRACT / BROKERS / CAPITAL FLIGHT / CAPITAL FLOWS / CAPITAL GAINS / CASH FLOW / CASH FLOWS / CASH PAYMENT / CDS / CLAIM / CLAIMANTS / COMMODITY / COMMODITY PRICES / COMPETENT COURT / CONFLICTING CLAIMS / CONTRACTUAL ARRANGEMENTS / CONTRACTUAL OBLIGATIONS / COPYRIGHT CLEARANCE / COPYRIGHT CLEARANCE CENTER / CORPORATE INVESTORS / COST OF CAPITAL / COUNTRY RISK / COURT OF APPEAL / CREDIBILITY / CREDIT AGENCY / CREDIT DEFAULT / CREDIT DEFAULT SWAP / CREDIT FLOWS / CREDITORS / CURRENCY / DEBT / DEBT INSTRUMENTS / DEBT OBLIGATION / DEPENDENT / DEVELOPING COUNTRIES / DEVELOPING MARKETS / DEVELOPMENT BANK / DIRECT ACCESS / DISPUTE RESOLUTION / DOMESTIC LAW / DOMESTIC LAWS / ECONOMIC DEVELOPMENT / ECONOMIC RIGHTS / ECONOMIC STRENGTH / EMERGING MARKETS / EQUITY INTERESTS / EVENT OF DEATH / EXCLUSIVE JURISDICTION / EXPORT CREDIT / EXPROPRIATION / FAIR MARKET VALUE / FINAL JUDGMENT / FINANCIAL CRISIS / FINANCIAL FLOWS / FINANCIAL MANAGEMENT / FINANCIAL MARKETS / FINANCIAL RESPONSIBILITY / FINANCIAL SECTOR / FINANCIAL SECTORS / FINANCIAL SYSTEM / FLOW OF INVESTMENTS / FOREIGN BANKS / FOREIGN DIRECT INVESTMENT / FOREIGN DIRECT INVESTMENTS / FOREIGN GOVERNMENTS / FOREIGN INVESTMENT / FOREIGN INVESTMENTS / FOREIGN INVESTOR / FOREIGN INVESTORS / FOREIGN LOANS / FOREIGN NATIONALS / FREE TRADE / FREE TRADE AGREEMENT / FUND MANAGERS / GENERAL COUNSEL / GLOBAL FINANCE / GOVERNMENT INTERVENTIONS / GOVERNMENT SUPPORT / HOME COUNTRIES / HOME COUNTRY / HOST COUNTRIES / HOST COUNTRY / HOST GOVERNMENT / HOST GOVERNMENTS / HOUSING / INCOME / INFRASTRUCTURE PROJECT / INFRASTRUCTURE PROJECTS / INSTRUMENT / INSURANCE / INSURANCE CORPORATION / INSURANCE LAW / INSURANCE MARKET / INSURANCE PROGRAM / INSURER / INSURERS / INTERNATIONAL ACCOUNTING / INTERNATIONAL BANK / INTERNATIONAL BANKS / INTERNATIONAL BUSINESS / INTERNATIONAL COURTS / INTERNATIONAL FINANCIAL INSTITUTION / INTERNATIONAL FINANCIAL INSTITUTIONS / INTERNATIONAL INVESTMENT / INTERNATIONAL LAW / INTERNATIONAL TRADE / INTERNATIONAL TRADE LAW / INVENTORY / INVESTING / INVESTMENT ACTIVITIES / INVESTMENT AGREEMENTS / INVESTMENT CORPORATION / INVESTMENT DISPUTES / INVESTMENT FLOWS / INVESTMENT INSURANCE / INVESTMENT OPPORTUNITIES / INVESTMENT PROCESS / INVESTMENT PROJECTS / Investments, Foreign / ISLAMIC FINANCE / ISSUANCE / JOINT VENTURE / JUDGEMENT / JURISDICTION / LEGAL FRAMEWORK / LEGAL PROTECTION / LENDERS / LIQUIDITY / LOAN / LOAN AGREEMENTS / LOCAL CURRENCY / LOCAL INVESTOR / LOCAL INVESTORS / Länderrisiko / MANDATE / MULTILATERAL INVESTMENT GUARANTEE AGENCY / MULTINATIONAL CORPORATIONS / Multinational enterprises / NATURAL RESOURCES / NEGOTIATION / NEGOTIATIONS / NEW MARKETS / NEW PRODUCTS / NONPAYMENT / NPV / OUTPUT / PENSION / PENSION FUND / Political conditions / POLITICAL CONSIDERATIONS / POLITICAL RISK / POLITICAL RISK INSURANCE / POLITICAL RISKS / POLITICAL SCIENCE / Politische Instabilität / PORTFOLIO / PORTFOLIO MANAGEMENT / PORTFOLIOS / PREMIUM INCOME / PRINCIPLE OF EQUALITY / PRIVATE INVESTMENT / PRIVATE INVESTOR / PRIVATE INVESTORS / PROMISSORY NOTES / PUBLIC DEBT / PUBLIC POLICY / RAPID GROWTH / RECIPIENT COUNTRY / REINSURANCE / REMEDIES / REMEDY / REPATRIATION / REPUDIATION / RESERVES / RETURN / RETURNS / RISK ASSESSMENTS / RISK MANAGEMENT / RISK MANAGEMENT TOOLS / RISK MANAGERS / RISK MITIGATION / RULES OF PROCEDURE / SECURITY INSTRUMENTS / SETTLEMENT / SETTLEMENTS / SHARE CAPITAL / SOUND INVESTMENTS / STATE LOANS / STATEMENTS / SUBJECT TO CALL / SUBROGATION / SUBSCRIPTION / SUBSCRIPTIONS / TAX / TAX SYSTEM / TECHNICAL ASSISTANCE / TRADE CREDIT / TRANSACTION / TRANSFER OF FUNDS / TRANSFER OWNERSHIP / TRANSFER RISK / TREATIES / TREATY / TRUST COMPANY / TRUST FUND / TRUSTEE / VALUATION
• ISBN: 9780821378939, 0821378937, 9780821379813, 082137981X