Piercing the Veil of State Enterprises in International Arbitration.

By Albert Badia. Published by Wolters Kluwer in March 2014 (280 pages). This book asks why the corporate veil of State Enterprises is rarely pierced in the practice, and takes a giant step towards establishing the circumstances under which the rules of international law may allow such action. To answer the questions of how far we should go in holding states responsible for the acts of their enterprises, and which principles should be applied, the author focuses on the theory of state attribution, ultimately concluding that, when it comes to enterprises owned or controlled by states, veil-piercing constitutes a special form of attribution.

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