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010 _a 2024031549
020 _a9789004710795
_q(electronic book)
020 _z9789004710788
_q(print)
024 7 _a10.1163/9789004710795
_2DOI
035 _z(OCoLC)1445896986
040 _aNL-LeKB
_cNL-LeKB
_erda
041 _aeng
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_2bisacsh
072 7 _aLB
_2bicssc
082 0 4 _a346/.092
_223
100 1 _aArgentini, Marco,
_eauthor.
245 1 0 _aSovereign Wealth Funds and State Immunity /
_cMarco Argentini.
300 _a1 online resource (175 pages) :
_billustrations.
490 1 _aInternational Law E-Books Online, Collection 2025
490 1 _aQueen Mary Studies in International Law ;
_v54
504 _aIncludes bibliographical references and index.
505 0 _tAcknowledgment -- Abbreviations -- International and Domestic Documents -- Table of Cases -- General Introduction -- 1 Problem Statement -- 2 Research Question -- 3 Selected Jurisdictions and Structure -- Part 1 -- swf  s: History, Definitions and Core Elements -- Introduction to Part 1 -- 1 The Development of  swf  s as New State Investment Vehicles -- 1 The Emergence of swf  s -- 1.1 Historical Antecedents: The India Companies and the Industrial Revolution (before 1953) -- 1.2 The Genesis of Commodity and Non-commodity  swf  s (between 1953 and the Mid-1990s) -- 1.3 The Expansion of  swf  s: The Asian Financial Crisis and the Rise of Crude Oil Price (between the Mid-1990s and 2005) -- 1.4 swf  s Achieving International Prominence (after 2005) -- 2 The Quest for a Definition of swf  s: the Main Scholarly Definitions -- 2.1 The First Definitions -- 2.2 swf  s as Government-Managed Entities Seeking Higher Rates of Returns -- 2.3 Definitions Focusing on  swf  s' Liability -- 2.4 Definitions Based on How  swf  s Are Managed -- 2.5 The Relevance of Funds' Ownership and Purposes -- 3 Institutional Attempts to Define and Regulate swf  s -- 3.1 imf  Definitions -- 3.2 The 'Santiago Principles' -- 3.3 Other Definitions Provided by International Organizations -- 4 Differences between swf  s and Other Cognate Entities -- 4.1 swf  s and State-Owned Enterprises -- 4.2 swf  s and Public Pension Funds -- 4.3 swf  s and International Reserves -- 2 swf  s' Core Elements -- 1 Legal Structure -- 2 Governance -- 3 Source of Assets -- 4 Purpose -- 4.1 Diplomatic and Political Tool -- 4.2 National Development Tool -- 4.3 Stabilisation and Diversification Tool -- 4.4 Intergenerational Savings Tool -- 5 Types of Investments -- Provisional Conclusions -- Part 2 -- swf  s and Adjudicative Immunity -- Introduction to Part 2 -- 3 The  uncsi  as an Attempt to Codify International Law on State Immunity -- 1 Relevance of the Convention for Development of a Customary Rule -- 2 Framing of swf  s into the Notion of 'State' -- 3 The Commercial Exception to Adjudicative Immunity -- 4 swf  s with an Independent Legal Personality and Immunity of the Parent State -- 4 The Common Law Approach to Adjudicative Immunity: Two Archetypes of Statutory Norms -- 1 United States -- 1.1 Pool-of-Assets  swf  s -- 1.2 swf  s Established with Independent Legal Personality -- 1.3 The Commercial Exception Under the  fsia  -- 2 United Kingdom -- 2.1 Qualification of a Pool-of-Assets  swf  as a 'Department of Government' -- 2.2 The Commercial Exception Under the  sia  -- 2.3 swf  s Established as Separate Entities -- 5 The Civil Law Approach to Adjudicative Immunity -- 1 France -- 2 Germany -- 3 Italy -- 4 China -- 4.1 Once Upon a Time:  prc  as the Last Bastion of Absolute Immunity -- 4.2 State Immunity and  swf  s before 2023 -- 4.3 The Current Scenario -- Provisional Conclusions -- Part 3 -- swf  s and Immunity from Execution -- Introduction to Part 3 -- 6 The 2004 UN Convention -- 1 Beneficiaries of Immunity from Execution Under the uncsi -- 2 Differences between Pre- and Post-judgment Measures. The Commercial Exception -- 3 Piercing the Corporate Veil according to the uncsi -- 7 The US  fsia  and the UK  sia  -- 1 United States -- 1.1 Post-judgment Attachment: Pool-of-Assets  swf  s -- 1.2 Post-judgment Attachment:  swf  s Established as Separate Entities -- 1.3 Pre-judgment Attachment -- 2 United Kingdom -- 2.1 Post-judgment Execution. The Commercial Exception -- 2.2 Pre-judgment Attachment -- 2.3 swf  s with Separate Legal Personality -- 8 European Civil Law Jurisdictions: France, Germany and Italy -- 1 France -- 1.1 From 'Eurodif' to the 'Sapin 2' Law -- 1.2 French Courts' Decisions on  swf  s' Property -- 2 Germany -- 3 Italy -- 3.1 Pre-judgment Measures -- 4 China -- 4.1 Pre-2023: China's Traditional Approach towards Immunity from Execution -- 4.2 Post-2023: China's Adherence to the Restrictive Doctrine of State Immunity -- Provisional Conclusions -- Part 4 -- Immunity of  swf  s Managed by Central Banks -- Introduction to Part 4 -- 9 The Umbrella Protection of Central Banks to  swf  s -- 1 swf  s in Systems Providing for Near-Absolute Protection to Central Bank Assets -- 1.1 The  uncsi  -- 1.2 United Kingdom -- 1.3 China -- 2 swf  s and the 'Purpose' Test in Jurisdictions Granting a Milder Protection to Central Banks -- 2.1 United States -- 2.2 France -- 2.3 Germany -- 3 A Recent Trend to Be Monitored on Denying Immunity to swf  s Managed by Central Banks: Stati v. Kazakhstan -- Provisional Conclusions -- Concluding Remarks: General Trends on  swf  s and State Immunity -- Bibliography -- Index.
520 _aHow does the hybrid nature of SWFs affect the application of state immunity to these funds? May an SWF be sued in foreign courts for wrongful acts committed in the course of its investment activities? Can SWF investments be attached by a private creditor seeking to enforce an investment arbitration award against the fund's state of nationality? This monograph addresses these questions from the perspective of the 2004 New York Convention and six selected jurisdictions (US, UK, France, Germany, Italy, China), with the broader aim of highlighting potential new standards for implementation of the state immunity rule to SWFs.
546 _aEnglish
650 0 _aImmunities of foreign states.
650 0 _aInvestments, Foreign
_xLaw and legislation.
650 0 _aSovereign wealth funds
_xLaw and legislation.
776 0 8 _iPrint version:
_tSovereign Wealth Funds and State Immunity : .
_dLeiden ; Boston : Brill | Nijhoff, 2024.
_z9789004710788
_w(DLC) 2024031548
830 0 _aInternational Law E-Books Online, Collection 2025.
830 0 _aQueen Mary Studies in International Law ;
_v54.
856 4 _uhttp://dx.doi.org/10.1163/9789004710795
942 _2ddc
_cE-BOOK
999 _c49373
_d49373