Santiago SWF principles a reminder of bygone age

Charles Proctor, a partner at Bird & Bird, a law firm, assesses the International Working Group of Sovereign Wealth Funds' newly-published Santiago Principles.

It is ironic that the very governments that until recently viewed sovereign investments with so much suspicion are now courting their funds. The protectionist fervour that triggered the creation of the International Working Group on Sovereign Wealth Funds' Santiago Principles has now taken a backseat to the turmoil engulfing the global

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