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Article

Гарантии инвестиций в международном инвестиционном праве: Многостороннее агентство по гарантиям инвестиций

The institute of investment operations guarantees is designed to ensure, through legal measures, a relative stability of reproduction and freedom of capital movement in the world economic system amid the backdrop of social, economic and political crisis. The notion of investment guarantee stands for the investment insurance mechanism both on the state and the state-by-state basis, aimed at compensation for damages caused to a foreign investor upon occurrence of events economically affecting the investment. The article discusses the activity of the Multilateral Investment Guarantee Agency (MIGA) established under the Seoul Convention. MIGA's guarantee opportunities, conditions for granting investment guarantees and risks which could be covered by the Agency's guarantees are specified.