Front Matter Source: The International Lawyer, Vol. 29, No. 3 (Fall 1995) Published by: American Bar Association Stable URL: http://www.jstor.org/stable/40707226 . Accessed: 17/06/2014 11:25 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. . American Bar Association is collaborating with JSTOR to digitize, preserve and extend access to The International Lawyer. http://www.jstor.org This content downloaded from 62.122.73.177 on Tue, 17 Jun 2014 11:25:01 AM All use subject to JSTOR Terms and Conditions
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Front MatterSource: The International Lawyer, Vol. 29, No. 3 (Fall 1995)Published by: American Bar AssociationStable URL: http://www.jstor.org/stable/40707226 .
Accessed: 17/06/2014 11:25
Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp
.JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact [email protected].
.
American Bar Association is collaborating with JSTOR to digitize, preserve and extend access to TheInternational Lawyer.
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SECTION OF INTERNATIONAL LAW AND PRACTICE IQQf ms-?* (WC
OFFICERS IQQf ms-?*
Chair Michael D. Sandier, Foster, Pepper & Shefelman, 1111 Third Avenue, Suite 3400, Seattle, WA 98101
Chair Elect Lucinda A. Low, Miller & Chevalier, Metropolitan Square, 655 15th Street, NW, Suite 900, Washington, DC 20005-5701
Divisional Vice-Chairs General Division William M. Hannay, Schiff Hardin & Waite, 7200 Sears
Tower, Chicago, II 60606 Business Law Christopher R. Wall, Winthrop, Stimson, Putnam & Roberts,
1133 Connecticut Avenue, NW, Washington, DC 20036 Comparative Law Timothy L. Dickinson, Gibson, Dunn & Crutcher, 1050
Connecticut Avenue, NW, Suite 900, Washington, DC 20036
Public International Law Daniel B. Magraw, Office of General Counsel, International Activities Division, United States Environmental Protection Agency (2399), 401 M Street, SW, Washington, DC 20460
Government Affairs Officer Kenneth B. Reisenfeld, Haynes and Boone, L.L.P., 1225 Eye Street, NW, Eighth Floor, Washington, DC 20005-3914
Secretary Rona R. Mears, Haynes and Boone, L.L.P., 3100 NationsBank Plaza, 901 Main Street, Dallas, TX 75202-3789
Section Delegates to House of Delegates Charles N. Brower, White & Case, 1747 Pennsylvania
Avenue, NW, Washington, DC 20006 Gerold W. Libby, Whitman Breed Abbott & Morgan, 633
West Fifth Street, Los Angeles, CA 90071 Budget Officer Aileen Amarandos Pisciotta, Federal Communications
Commission, International Bureau, 8th Floor, 2000 M Street, NW, Washington, DC 20554
Development Officer Ulice Payne, Jr., Reinhart, Boerner, Van Deuren, Norris, & Rieselbach, S.C., 1000 North Water Street, Suite 2100, Milwaukee, WI 53202
Goal VIII Officer Nancy Israel, Hill & Barlow, One International Place, Boston, MA 02110
International Legal Scholar Peter D. Ehrenhaft, Bryan Cave, 700 13th Street, NW, Washington, DC 20005-3960
COUNCIL The Officers and The International Lawyer Editor-in-Chief Joseph J. Norton, Southern Methodist University, School Law,
3315 Daniel Avenue, Dallas, TX 75275-0116 International Law News Editor-in-Chief Beth Van Hanswyk, Office of the General Counsel , U . S .
Department of Commerce, 14th Street & Constitution Avenue, NW, Room 5876, Washington, DC 20230
Publications Committee Chair ... John E. Noyes, California Western School of Law, 225 Cedar Street, San Diego, CA 92101
Program Committee Chair Valerie McNevin, 10042 Julian Court, Westminster, CO 80030
BOARD OF PROFESSIONAL EDITORS Joseph J. Norton Editor-in-Chief
SMU School of Law Centre for Commercial Law Studies (London)
Janet P. Balch Werner F. Ebke Christopher H. Hanna Executive Editor Associate Editor Associate Editor
SMU School of Law University of Konstanz, Germany SMU School of Law
Ndiva Kofele-Kale Dana G. Nahlen Peter Winship Associate Editor Associate Editor Chair, Editorial Advisors
SMU School of Law Dallas, Texas SMU School of Law
Dolores McKnight Deldra Hall-Holmes Administrative Assistant ABA Managing Editor
Dallas, Texas Chicago, Illinois
SOUTHERN METHODIST UNIVERSITY SCHOOL OF LAW 1995-96 STUDENT EDITORIAL BOARD
Editor-in-Chief Jason Ning
Managing Editor Senior Articles Editor O. Bradley Cox Stefanie L. Cooper
Symposium Editor Comments Editor Cindy W. Andrew Ashley W. Warren
Citation Editors Ellen J. Breaux Peter Burroughs
Associate Symposium Editor Associate Comments Editors Victoria L. Fair Jenna D. Beller
Kelly Jude Hunt Articles Editors
Ellen E. Bush Christopher Mulligan Lawrence S. Hosmer Pennie Peck
Martin Jones Michael Skrehot Michael F. Meskill Rose Weiss
Staff Editors Michelle Brown Hendrik Jordaan Adam Mukamal James Etri Theresa Lewis William C. Murley Stephanie Gracia Lynley McAnalley Jodie Ousley Jim Hail Jana McBride Kenneth Phillips James Hamel Mari McGowan Yolanda M. Torres Daniel W. Koenig Boyd Mouse Christopher Willis
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The International Lawyer (ISSN 0020-7810) is the quarterly publication of the American Bar Association's Section of International Law and Practice (the Section). It has a worldwide circulation of more than 17,000.
Publication Policy: The objective of The International Lawyer is • to publish high quality articles on international subjects; • to inform its readers of significant current legal developments throughout the world; • to foster and record the activities of the Section and its committees.
The Journal focuses on practical issues facing lawyers engaged in international practice. Thus, the editors are interested primarily in topics concerning trade, licensing, direct investment, finance, taxation, and litigation and dispute resolution. They will, however, also consider public international law topics.
Article Submission: Articles submitted for publication should not exceed 10,000 words (including endnotes). Text and endnotes should be double-spaced. Endnotes must conform to A Uniform System of Citation (15th ed.) (the Harvard Bluebook). The Journal does not accept unsolicited student- written submissions. Nor does it consider articles or reports that have been or are to be published elsewhere.
Send four copies of a manuscript to the Executive Editor, The International Lawyer, Southern Methodist University School of Law, P.O. Box 750116, Dallas, TX 75275-0116, [phone: 214/ 768-4077; fax: 214/768-4330; e-mail: [email protected]]. Manuscripts receive internal and external review, which usually takes about three weeks. Publication is normally nine to twelve months after a manuscript is accepted. The editors of The International Lawyer reserve the right to move an accepted manuscript from the committed issue to a later issue.
Manuscripts are submitted at the sender's risk. The editors do not return unsolicited material. Material accepted for publication becomes the property of the Section, which pays no fee for any manuscript.
Subscription Price: Section annual membership dues of $35.00 ($15.00 for law students) include a $12.00 subscription to The International Lawyer. The annual subscription rate for nonmem- bers is $35.00 ($50.00 if mailed outside the United States).
Reprint Permissions: Except as stated on the first page of specific articles, requests to reproduce any portion of this issue should be addressed to: Manager, Publication Policies and Contracting, American Bar Association, 750 North Lake Shore Drive, Chicago, IL 60611-4497 [phone: 312/ 988-6101; fax: 312/988-6281].
Order Information: Back issues published two years ago and earlier may be purchased from Fred B. Rothman & Co., 10368 West Centennial Road, Littleton, CO 80123. More current issues may be purchased for $10.00 each, plus $3.95 for shipping and handling, from the Order Fulfillment Department, American Bar Association, 750 North Lake Shore Drive, Chicago, IL 60611-4497 [phone: 312/988-5522; fax: 312/988-5568].
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Copyright ® 1995 American Bar Association. All rights reserved. Produced by the ABA Press. Printed in the United States of America.
Nothing appearing in this Journal necessarily represents the opinions, views, or actions of the Ameri- can Bar Association unless the House of Delegates or the Board of Governors has first approved it. Neither does anything appearing in this journal necessarily represent the opinions, views, or actions of the Section or its Council unless the Section or its Council has approved it.
1"|soy»nk| Printed on acid-free paper.
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BILATERAL INVESTMENT TREATIES : by Rudolf Dolzer and Margrete Stevens
01 This book examines BIT provisions with particular empha- ; jy| sis being placed on treatment, expropriation and the settle - ; -. g ment of disputes. It shows that a great degree of uniformity : a» Q exists in modern investment treaties and thus clearly establish-
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^^ *55 of rights and obligations of their respective parties, but also is *£ in their contribution to an emerging acceptance of common
^^ ** mm. "Ϊ5 standards for the treatment of foreign investment.
J2JI ^^ **
§ June 1995. 352 pages, cloth, ISBN 90-411-0065-2, $124.00
ο «f mm W >* DEVISING INTERNATIONAL BANK 1mm T3 ii SUPERVISORY STANDARDS
: ^0 *?· ££ by Joseph J. Norton
mm Jd a! ^he case of the Bank of Credit and Commerce Interna- mm 2Ee S S tional (BCCI) illustrated the existing gaps in international rules jtyß ^ mm and standards governing bank supervision. This book deals ■"
^i * with these rules and advocates how they should develop and
: mm ** 0| concludes with proposals suggesting ways of better intercon-
hnt # Ô necting the national, regional and international levels. ! L *? 1995. 372 pages, cloth, ISBN 1-85966-185-8, $127.00
111111 S « S A THE INTERNATIONALISATION OF
^ V J5 INTERNATIONAL ARBITRATION I P^ ijj ^ ty V. V. Weííer, Q.C Marti« Hunter, and Arthur Marriott ' m^ ^ »· This book contains papers by leading international experts
■■I VÜ SI on commercial arbitration, seeking to identify what can be i* **■ derived from past experiences to meet future challenges,
ψ^β *? * opportunities and problems facing international arbitration
^e Si 5 into the 21st century. UU g g 1995. Cloth, 208 pages, ISBN 1-85966-107-6, $112.00
35i je* Kf H JÍ5 THE PEACEFUL MANAGEMENT OF 5l ^-h TRANSBOUNDARY RESOURCES
■■» m £4 edited òy GeraW Blake, William Hilldesley, Martin Pratt, 2tfft . Λ Ä Rebecca Ridley, Clive Schofield
3Γ ♦♦ The demand for natural resources in an increasingly over- 8 crowded world is widely recognized as one of the most serious
Ift O threats to the ecological and political stability of our planet. fS ^" The papers in this volume represent an important contribution ^0 to the debate about how natural resources which cross interna-
tional boundaries can be managed as effectively and peacefully as possible. 1995, 512 pages, cloth, ISBN 1-85966-173-4, $145.00
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International Law Reports The Control and Ε. Lauterpacht and Monitoring of Iraqi CJ. Greenwood, Editors Weaponry of Mass Decisions of international courts and arbitra- Destruction tors as well as judgments of national courts, Mgrc We// £(//ίΟ(. are fundamental elements of modern public phjlj Hj)tfíe,d Assistant Editor international law. The International Law -,, c T . . n . , , i_i· · · ι υ
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Ana MacLean, Assistant Editor 55093"9 Hardback about $99·95 This volume documents the Haiti crisis from AmilabU in bookstom orfrom the initial coup, the immediate responses of _p^________^^ the United Nations and the Organization of ί^Ρ^^^ I ij Ml Β U^8 Pa American States (OAS), the application of ■WBwtWHlfBfSBHBBÎBWW^BMl sanctions, attempts to negotiate a transfer ^^^^^kMmMAslftMmMiX^^^^^I of power, to the deployment of U.S. forces ■^^WHB^^Bfll^ffiB^^^^^B^HB in Haiti. ^^Β^ΒΜΙΗΒΜΒΜκΒΒΒΒΒΗβΗΒΒ^Ι Cambridge International Documents Series 10 ■MMMwBHffiBBBCTHJ^BffiffmmMM^MM 55048-3 Hardback about $150.00 ^HKfflHRiHNiffiBMfflj^^H
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f ^_ _Z ZZ ZIZIZZIZ ZZ "' written & edited by ^_ iM flj^' I ' )M Section members,
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THE INTERNATIONAL LAWYER Fall 1995 Volume 29 Number 3
CONTENTS
A Further Tribute to the United Nations and Its 50th Anniversary
Letter from President Bill Clinton 513 Letter from Secretary of State Warren Christopher 514 Preserving America's Leadership
in a World of Law Theodore C. Sorensen 517
Articles Changing Contract Practices in the Light
of the United Nations Sales Convention: A Guide for Practitioners Peter Winship 525
Jurisdiction and Applicable Law in Transnational Dispute Resolution before the Nigerian Courts Grbenga Bamodu 555
Foreign Investment Laws and Foreign Direct Investment in Developing Countries: Albania's Experiment Scott Norman Carlson 577
Developments in Japanese Securities Regulation: An Overview Hideki Kanda 599
Why Does Not the Rising Water Lift the Boat? Internationalization of the Stock Markets and the Securities Regulatory Regime in China Andrew Xuefeng Qian 615
Perspectives South Africa's New Constitution:
Will It Last? Peter N. Levenberg 633 South Africa's Transition to Democracy
and the Rule of Law J.C. Sonnekus 659 International Standards of Human Rights
in Polish Constitutional Regulations and Practice Leszek Leszczynski 685
Comparative Drug Treatment Policies and Legislation Lane Porter 697
Books Received 715
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