Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon

Free movement of capital and freedom of establishment are among the very few areas of the European Union�s internal market law the limits of which still need clarification. The political relevance of both freedoms is remarkable, particularly in the current context of economic crisis. This was proven... Deskribapen osoa

Egile nagusia: Losada Fraga, Fernando
Formatua: Artikulua
Hizkuntza: Ingelesa
Argitaratua: Oxford University Press 2011
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dialnet-ar-18-ART00004423192012-08-02Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to LisbonLosada Fraga, FernandoFree movement of capital and freedom of establishment are among the very few areas of the European Union�s internal market law the limits of which still need clarification. The political relevance of both freedoms is remarkable, particularly in the current context of economic crisis. This was proven again last summer when the government of Portugal overruled Portugal Telecom shareholders� decision to sell to Telefónica part of their shares in Vivo. The conflict between Member States� desire to protect strategic public interests through the fostering of �national champions� and the economic freedoms as conceived in the EU treaties has usually been solved by the Court of Justice of the European Union (ECJ) in favour of the latter. 1 But the tension between domestic political will and supranational legal commitments still persists, and, as a result, national governments try to take advantage of any legal gap in order to retain some power and to avoid some of the constrains the economic freedoms impose on them. Accordingly, the ECJ�s case law on the field is increasing. As a response the scholarly literature on free movement of capital has been growing. Among the monographs on the issue is the book under review, which aims at explaining the legal regime applicable to direct investment in the European Union. With this concept reference is made to any investment made from one state into another that involves some control of, or at least participation in the control of, the �Oxford University Press2011text (article)http://dialnet.unirioja.es/servlet/oaiart?codigo=3749562(Revista) ISSN 0938-5428European journal of international law = Journal europeen de droit international, ISSN 0938-5428, Vol. 22, Nº 3, 2011, pags. 925-927engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: http://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: http://dialnet.unirioja.es/info/derechosOAI
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Dialnet
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European journal of international law = Journal europeen de droit international, ISSN 0938-5428, Vol. 22, Nº 3, 2011, pags. 925-927
language
English
description
Free movement of capital and freedom of establishment are among the very few areas of the European Union�s internal market law the limits of which still need clarification. The political relevance of both freedoms is remarkable, particularly in the current context of economic crisis. This was proven again last summer when the government of Portugal overruled Portugal Telecom shareholders� decision to sell to Telefónica part of their shares in Vivo. The conflict between Member States� desire to protect strategic public interests through the fostering of �national champions� and the economic freedoms as conceived in the EU treaties has usually been solved by the Court of Justice of the European Union (ECJ) in favour of the latter. 1 But the tension between domestic political will and supranational legal commitments still persists, and, as a result, national governments try to take advantage of any legal gap in order to retain some power and to avoid some of the constrains the economic freedoms impose on them. Accordingly, the ECJ�s case law on the field is increasing. As a response the scholarly literature on free movement of capital has been growing. Among the monographs on the issue is the book under review, which aims at explaining the legal regime applicable to direct investment in the European Union. With this concept reference is made to any investment made from one state into another that involves some control of, or at least participation in the control of, the �
format
Article
author
Losada Fraga, Fernando
spellingShingle
Losada Fraga, Fernando
Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon
author-letter
Losada Fraga, Fernando
title
Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon
title_short
Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon
title_full
Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon
title_fullStr
Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon
title_full_unstemmed
Frank S. Benyon. Direct investment, National champions and EU Treaty freedoms. From Maastricht to Lisbon
title_sort
frank s. benyon. direct investment, national champions and eu treaty freedoms. from maastricht to lisbon
publisher
Oxford University Press
publishDate
2011
url
http://dialnet.unirioja.es/servlet/oaiart?codigo=3749562
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1492283260444606464
score
11.791029