Bilateral Investment Treaty

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Bilateral Investment Treaty

An agreement between two countries establishing the rules under which individuals and companies in one country may provide foreign direct investment in the other. The rules work both ways unless the treaty states otherwise; that is, if the treaty sets a limit on foreign direct investment by a company, this applies to companies in both countries. Most bilateral investment treaties require arbitration (instead of lawsuits) for the resolution of disputes.
References in periodicals archive ?
20) Bilateral investment treaties developed to fill in the gaps where international law failed to provide a code of conduct for host nations, "promot[ing] national treatment and protect[ing] .
To facilitate Chinese firms' ability to invest abroad, the Beijing government had signed bilateral investment treaties with 103 countries and double taxation treaties with 68 countries by early 2003.
The Award in Vigotop states a new test for determining whether a State has expropriated an investor s contract rights a growing source of claims under bilateral investment treaties.
At Dewey & LeBoeuf, he represented sovereign governments in international arbitrations arising under bilateral investment treaties, free trade agreements, national investment legislation and contracts.
Particular attention was given to analyzing the dispute settlement mechanism and Pakistan's experience and bilateral investment treaties of Pakistan.
guarantees on existing or pending bilateral investment treaties concluded
Most countries, whether developed or developing, rely on bilateral investment treaties (BITs).
Ecuador has withdrawn from the World Bank's arbitration program, making it the second country ever to do so, and has indicated its intention to cancel scores of bilateral investment treaties that provide for international arbitration of investment disputes.
This new policy involves, on the one hand, the negotiation of new rules on investment with key trading partners and, on the other hand, the continued application of existing bilateral investment treaties between member states and third countries.
It reinforces the idea that, while important, bilateral investment treaties have limitations, and should not be relied upon to avoid contractual forum clauses.
We had 48 Bilateral Investment Treaties with various countries and we are in the Process of negotiating BITs with a number of countries including USA, Germany, Saudi Arabia, ECO countries etc, we will cordially welcome such initiatives from Maldives investors as it will further strengthen bilateral ties.
Bilateral investment treaties signed by Latin American countries generally include dispute resolution provisions where investors have recourse to international arbitration, often under the auspices of the World Bank's International Centre for the Resolution of Investment Disputes (ICSID).

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