THE PROTECTION OF ECONOMIC INTERESTS OF THE STATE AND INDIVIDUALS IN THE INTERNATIONAL COURT OF JUSTICE
Journal Title: Економіка розвитку - Year 2013, Vol 65, Issue 1
Abstract
The article is devoted to the problem of protecting the economic interests of the state and individuals in the International Court of Justice. It is established that diligent fulfilment of international treaties on economic issues directly affect the state of their economy. Therefore it is necessary to use international mechanisms of protecting the state interests, including the judiciary. The protection of economic interests of individuals is more complicated: when the state admits into its territory foreign investments or foreign citizens, it is obligated to provide them with protection of law. It is concluded that such obligations are not absolute: to sue for violations of these obligations, the state must prove its right to do that. The ground for appeal to the Court of Justice to protect the economic interests of the state is the appropriate international agreement with the parties agreed to such a possibility.
Authors and Affiliations
V. Kononenko
Keywords
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