Has COVID-19 impacted international law?
The crisis has confirmed once again the crucial role played by international law in the increasingly rapid process of globalisation. In times of a pandemic of these proportions, international rules are indispensable to tackle global problems and to coordinate the efforts of all actors and stakeholders. Without such rules, it would be difficult to take effective measures to prevent pandemics and minimise their consequences, to get prepared for future outbreaks, to boost the economy.
Should Indian students expand their knowledge of global law and foreign investment flow?
All law students should embrace a global perspective in their studies. The world today is so interconnected that it is difficult to find any areas of human activity which is not regulated to some extent by international rules, from trade to human rights, from fishing to armed conflicts, from investment to telecommunications and so on. Such a legal environment is complex and challenging. It is indeed rewarding to see how countries so different in terms of culture, history, economy and political systems manage to agree on rules which are expected to promote and protect their mutual interests. To study how legal principles may travel around the globe contaminating different legal systems without bothering about borders is important.
Why should Indian students consider pursuing Public International Law and Foreign Investment Law?
A modern law student must master international rules, the international legal instruments and the mechanisms for the settlement of international or transnational disputes. Simply because international law has penetrated every area of legal practice. Expertise in international law is required not only in international legal practice and especially before the numerous international tribunals, but also at the national level since litigation before domestic tribunals quite frequently has an international or transnational dimension.
With globalisation of business, is it important for Indian students to learn about Foreign Investment Law?
The importance of foreign investment, sometimes defined as the engine of growth, cannot be overestimated. Finally, investment law is essentially a balancing exercise aimed at protecting the private and public rights and interests of all stakeholders. In this regard, the Indian Model Bilateral Investment Treaty is one of the most advanced legal instruments thanks to its provisions on the environment, corruption, social corporate responsibility and liability. It will not only serve to shape future Indian investment treaties, but also inspire other emerging economies and developing countries.
What is the scope of these subjects?
The ubiquity of international law means a plethora of exciting professional opportunities as qualified professionals are needed to draft, negotiate and conclude international legal instruments, ensure their implementation with the jurisdiction of States, and settle international disputes. After studying international law, one can work for law firms, multinational companies, agencies of the government, international organisations, the diplomatic service, international non-governmental organisations and so on. Pursuing any of these careers may satisfy any professional and intellectual ambitions.
What are the new global developments and trends in Public International Law and Foreign investment Law?
International law, exactly like domestic law, is constantly developing to meet the continuously evolving needs of society. Suffice it to give the example of COVID-19. In the next few years, one of the highest priorities of governments, international organisations, scholars and civil society will be improving international health regulations and enhancing the international cooperation in the prevention and management of pandemics. Once again, international rules are the most effective tool at their disposal to protect common values and mutual interests.