LEGISLATIVE STABILITY AS A PILLAR TO ENSURE INVESTMENT IN ALGERIAN LEGISLATION
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Abstract
The legislative stability clause in investment contracts is considered a crucial and fundamental safeguard for investors, serving as an important means of attracting both national and foreign investments to the host country. This clause benefits both parties—the host state and the investor—equally. However, investment contracts are concluded between two parties: the host state and the foreign investor. The state, as an entity under public international law, exercises authority and sovereignty that enables it to unilaterally amend or repeal its internal legislation. Consequently, the two parties in such agreements are inherently unequal.
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