A Comparison of Compensation for Nationalization of Alien Property with Standards of Compensation under United States Domestic Law

Fales, Haliburton | January 1, 1983

This Article will attempt to show that, despite much scholarly disparagement of the traditional “prompt, adequate and effective” standard of compensation for expropriation, when put to the test of deciding actual cases through arbitration, international law produces results not dissimilar from what might be expected under the standard. The Article compares the law of damages in international arbitration with United States domestic law and points out their similarities.