Political violence and PRI
The conversation in the new and old media over the last several weeks has been dominated by reports about uprisings in Tunisia, Libya and Egypt and violent clashes in Bahrain, Yemen, the Ivory Coast, Iraq and elsewhere. In Libya, fighting currently is reported to take place close to strategic oil installations. Because of the scarcity of claims arising out of similar events in investor-state arbitration, political risk insurance claims determinations by the U.S. Overseas Private Investment Corporation (OPIC) can play an important role to develop this area of law and fill these gaps in future investor-state arbitral arbitrations.