meaning of Calvo doctrine

Calvo doctrine meaning in Law Dictionary

The Calvo Doctrine is a foreign policy doctrine which holds that jurisdiction in international financial investment disputes lies because of the country where financial investment is located. The Calvo Doctrine hence proposed to prohibit diplomatic defense or (armed) input before regional resources had been fatigued. An investor, under this doctrine, does not have any recourse but to use the neighborhood process of law, versus those of the residence country. As an insurance policy prescription, Calvo Doctrine is an expression a legal nationalism. The principle, named after Carlos Calvo, an Argentine jurist, has-been applied throughout Latin The united states and other aspects of the world.

Calvo doctrine meaning in Business Dictionary

Legal concept, relevant in worldwide conflicts, that aliens have no more liberties than the people of a sovereign condition. Consequently, these types of conflicts lie in the purview of the domestic legislation and just the process of law inside number nation possess jurisdiction to hear the actual situation. This doctrine is an integral part of many national constitutions and treaties (specially in Latin America) and forms the cornerstone of Calvo term. Known as following the Argentine diplomat and historian Carlos Calvo (1824-1906) which propounded it in his 1868 guide 'Derecho internacional teórico y práctico de Europa y América.' See additionally Monroe doctrine.