Abs’s proposal opened an international conversation on the rights of the investor. His “cap­i­tal­ist Magna Carta” would oblige signees to abstain from “direct or indirect illegal interference” with “foreign capital” and would create an International Court of Arbitration to judge violations. Investors could turn to the third-­party court first, without using local courts. To punctuate the need for his code, Abs brought up the recent cases of the expropriation of the Anglo-­Iranian Oil Com­ pany, the United Fruit Com­pany in Guatemala, the Suez Canal, Dutch land in Indonesia, and foreign-­owned power plants in Argentina.

Quinn Slobodian, Globalists, loc. 464