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Equity is a principle of law shared by all legal systems. It has played an important role in adjusting the law to new developments and challenges in society, bringing about new legal principles. While largely replaced by the advent of human rights, it gained prominence in the international law of natural resources and the law of the sea in contemporary legal developments. As intergenerational equity, it provides the underpinnings of the principle of sustainable development. The chapter traces the history of equity in law, its different functions and the potential of its methodology to be applied to other areas of the law of importance in protecting the interests of future generations.

In: Intergenerational Equity
The series contributes to research in the field of international economic law, comprising international trade regulation, investment and monetary affairs. It offers a venue for monographs and collective works making substantial contributions to the field in the wider context of public international law and related areas of domestic and regional law. The series is dedicated to foster transdisciplinary research. While focusing on law, it seeks to take into account developments in economics and international relations theory as well as history and political philosophy relevant to the field.

In: The Journal of World Investment & Trade
In: Max Planck Yearbook of United Nations Law Online