Denise Manning-Cabrol, The Imminent Death of the Calvo Clause
and the Rebirth of the Calvo Principle: Equality of Foreign and National Investors, 26 l.
Gonzalez also points out that the so-called Calvo Clause
in Mexican diplomacy and laws precludes the possibility that foreign citizens in Mexico could appeal to their home countries for intervention.
The obvious issue with the Calvo clause was the level of fairness
a Calvo Clause set forth in the contract, which would force the
appears to be increasing, forcing some Calvo Clause countries to agree
expropriation disputes as opposed to the Calvo Clauses most commonly
435, 437 (1993) (noting that the Calvo clause was developed to limit the perceived threats of foreigners to a country's natural resources); see also Gloria L.
An example of a Calvo Clause can be found in the Mexican Constitution at article 27, paragraph 1: "El Estado podra conceder el mismo derecho a los extranjeros, siempre que convengan ante la Secretaria de Relaciones en considerarse como nacionales respecto de dichos bienes yen no invocar por lo mismo la proteccion de sus gobiernos por lo que se refiere a aquellos; bajo la pena, en cuanto de faltar al convenio, de perder en beneficio de la Nacion los bienes que hubieren adquirido en virtud del mismo.
167) Thomas L Hughes, Venezuela: Calvo Clause Revisited, LATIN AM.
For instance, the Mexican Constitution still contains a Calvo clause requiring foreigners to submit to national law,(32) the Andean Common Market (ANCOM) still maintains vestiges of Calvo,(33) and Calvo clauses are still written into agreements in the region.
According to one commentator, international developments such as the NAFTA "raise many critical questions about the continued validity of the Calvo critical questions about the continued validity of the Calvo Clause.
To understand the lingering vitality of the Calvo Clause -- indeed, to understand Latin American notions of sovereignty -- one must view the Calvo Clause against a background of historical practice.