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Balancing international financial institutions’ immunity with private individuals’ right to effective remedy
South African Journal of International Affairs Pub Date : 2020-01-02 , DOI: 10.1080/10220461.2020.1729853
Mmiselo Freedom Qumba 1
Affiliation  

ABSTRACT This article focuses on the immunity of international financial institutions (IFIs) by advocating for a balancing mechanism between the obligation to provide legal remedy to private individuals and the immunity of IFIs. In seeking to balance these conflicting interests and to ensure that neither is undermined, the article examined the doctrine of IFIs’ immunity vis-à-vis the fundamental right to effective remedy. It examined the nature of IFIs’ immunity as well as the arguments for and against it. Using the recent US Supreme Court’s decision in Jam v International Finance Corporation, it argues that the existing dispute resolution mechanisms of the IFIs are inadequate to provide for meaningful remedy to project-affected individuals. The article concludes by advocating for the use of domestic courts to close the accountability gap when IFIs operate in situations where the IFIs cannot provide an effective remedy to project-affected individuals.

中文翻译:

平衡国际金融机构的豁免权与个人获得有效补救的权利

摘要 本文通过倡导在向私人提供法律救济的义务与国际金融机构的豁免权之间建立平衡机制,重点关注国际金融机构 (IFI) 的豁免权。为了平衡这些相互冲突的利益并确保两者都不受损害,本文研究了国际金融机构的豁免原则相对于获得有效补救的基本权利。它审查了国际金融机构豁免的性质以及支持和反对豁免的论据。使用最近美国最高法院在 Jam 诉国际金融公司案中的裁决,它认为国际金融机构现有的争议解决机制不足以为受项目影响的个人提供有意义的补救措施。
更新日期:2020-01-02
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