Divergenz und Transformation

Based on assumptions from constitutional theory, this book examines the effects of international investment law on domestic constitutions and finds that the democratic compromise on property protection and the protection of legal positions under international investment law are structured differently. Protection of property under international investment law is oriented towards a high standard of protection for investors, while the democratic compromise on property protection strikes a balance between property protection on the one hand and public welfare interests on the other. The constitutions of Germany, South Africa and Australia and investment disputes concerning these countries (including Philip Morris and Vattenfall) serve as case illustrations. In addition, the study shows that the divergence between these two legal principles can also lead to a transformation of the democratic property compromise.