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Brooklyn Journal of International Law

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First Page

520

Abstract

This Note examines the clash between domestic law and international law within the context of Chile’s 2022 modification to the 1981 Water Code as the country transitions from treating water as a privatized commodity to water as a public good. Chile’s 1981 Water Code emerged against the backdrop of a neoliberal economic regime and privatization scheme enabled by the United States and enforced by dictator Augusto Pinochet. This Note reveals the potential difficulties in unraveling established economic and legal foundations, and the conflicts between bilateral investment treaties and local legislation that mutually govern property rights. By examining Chile’s domestic Law 21.435 and comparing it to the Chile-Spain BIT, this Note underscores the tension between water as a human right and water as investment property and the threat that foreign investment poses to state sovereignty.

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