State succession and commercial obligations is the only major treatise in fifty years to appraise the global development of the law of state succession and commercial obligations this treatise is indispensable to legal scholars seeking to understand contemporary international law judges and arbitrators adjudicating succession disputes and transactional and trial lawyers representing financial institutions corporations and states when succession is imminent or has occurred because this . International law has not yet satisfactorily delineated the legal effects of state succession especially on commercial obligations assuredly a number of approaches have been suggested one approach is tabula rasa namely that the succeeding state inherits none of the obligations assumed by its predecessor the slate is wiped clean another approach is universal succession namely that the succeeding state inherits all of the predecessors obligations a third approach which resonates in . The law of state succession could discourage unjustified successions by limiting the impact of unjustified successions on commercial obligations the law of state succession has not done so p 399 he references the situation in east timor and notes that international tribunals together with other third party decision makers supported the new commercial arrangements established by indonesia following the unlawful succession of east timor this is one of the most intriguing . State succession and commercial obligations lessons from kosovo emergency clauses in investment treaties four versions deconstruction of constitutional limitations and the tariff regime of the philippines the strange persistence of a martial law syndrome softening necessity truth and efficiency the arbitrators predicament . State succession and commercial obligations makes another major breakthrough by showing that the policy considerations and decision making processes are similar in both state and government successions unlike prior theories that were bound by technical distinctions between state and government succession this books approach helps decision makers bring order to both state and government
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