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Stabilization clauses in state contracts

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+(,121/,1( Citation: 1998 Int'l Bus. L.J. 875 1998 Content downloaded/printed from HeinOnline (http://heinonline.org) Wed Sep 25 06:27:41 2013 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnline's Terms and Conditions of the license agreement available at http://heinonline.org/HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: https://www.copyright.com/ccc/basicSearch.do? &operation=go&searchType=0 &lastSearch=simple&all=on&titleOrStdNo=1777-5655 In response to the possibility of modification of contractual rights by unilateral government action, an important number of contracts include stabilization clauses. As indicated by their name, the function of these provisions is to ensure that the contract will not be altered, but remains "stabilized". Pour r~pondre A la possibilite de la modification de droits contractuels par une action unilat6rale du gouvernement, un nombre important de contrats comprend des clauses de stabilisation. Comme leur nom l'indique, la fonction de ces dispositions est d'assurer que le contrat ne sera pas modifi6 mais reste ,,stabilise.'. Various authors distinguish stabilization clauses from "clauses d'intangibilit6" (1). The former tend to protect the Divers auteurs distinguent les clauses de stabilisation des clauses d'intangibilite. Les premieres tendent A protbger l'investisseur contre toute ...
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