PO 309 - Globalization, Regionalization, and International Law

The students will be made familiar with the ongoing processes of globalization and regionalization as well as with its instruments, such as the UN, WTO, OPEC and the European Union. Concept and functions of international law are discussed in these processes. Special attention will be devoted to the role of foreign investments on the global level, including legal guarantees against so- called sovereign risks and legal remedies against interferences by the host States against foreign investors in the light of the recent case law. Visits to the Vienna headquarters of the UN and of OPEC are further didactic means to make the students aware of the legal, economic and political aspects of such processes.