The Calvo Doctrine is a foreign policy doctrine which holds that jurisdiction in international investment disputes lies with the country in which the investment is located. The Calvo Doctrine thus proposed to prohibit diplomatic (or armed) intervention before local resources were exhausted. An investor, under this doctrine, has no recourse but to use the local courts, rather than those of their home country. The principle, named after Carlos Calvo, an Argentine jurist, has been applied throughout Latin America and other areas of the world. A foreign policy doctrine is a general statement of foreign policy. ... In law, jurisdiction (from the Latin ius, iuris meaning law and dicere meaning to speak) is the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area... Invest redirects here. ... Diplomat redirects here. ... A trial at the Old Bailey in London as drawn by Thomas Rowlandson and Augustus Pugin for Ackermanns Microcosm of London (1808-11). ... A jurist is a professional who studies, develops, applies or otherwise deals with the law. ... Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ...

The doctrine arose from Calvos's ideas, expressed in his Derecho internacional teórico y práctico de Europa y América (Paris, 1868; greatly expanded in subsequent editions, which were published in French). Calvo justified his doctrine as necessary to prevent the abuse of the jurisdiction of weak nations by more powerful nations. It has since been incorporated as a part of several Latin American constitutions, as well as many other treaties, statutes, and contracts. The doctrine is used chiefly in concession contracts, the clause attempting to give local courts final jurisdiction and to obviate any appeal to diplomatic intervention. City flag City coat of arms Motto: Fluctuat nec mergitur (Latin: Tossed by the waves, she does not sink) Paris Eiffel tower as seen from the esplanade du Trocadéro. ... 1868 (MDCCCLXVIII) was a leap year starting on Wednesday (see link for calendar) of the Gregorian calendar or a leap year starting on Friday of the 12-day-slower Julian calendar. ... Single European Act A treaty is a binding agreement under international law entered into by actors in international law, namely states and international organizations. ... The Statute of Grand Duchy of Lithuania A statute is a formal, written law of a country or state, written and enacted by its legislative authority, perhaps to then be ratified by the highest executive in the government, and finally published. ... A contract is a legally binding exchange of promises or agreement between parties that the law will enforce. ... A concession is a facility operated under a contract or license. ... In grammar, a clause is a word or group of words ordinarily consisting of a subject and a predicate, although in some languages and some types of clauses, the subject may not appear explicitly. ...

The Drago Doctrine is a narrower application of Calvo's wider principle. The Drago Doctrine was announced in 1902 by the Foreign Minister of Argentina. ...

References

• Entry on Carlos Calvo from the Columbia Encyclopedia 6th Ed.
• Tradeport Glossary of Trade & Shipping Terms
• http://cyberspacei.com/jesusi/peace/nobel/institute_of_international_law.htm