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 ?
The existing Indian Bilateral Investment Treaties (BITs) were largely negotiated on the basis of Model BIT text adopted in 1993, and as amended in 2003.
COMP noted 'a good number' of mines ordered for closure or suspension involved companies from countries that have standing bilateral investment treaties (BIT) with the Philippines.
Investment Protection in Southeast Asia: A Country-By-Country Guide on Arbitration Laws and Bilateral Investment Treaties
Summary: The government has begun a major initiative to rewrite the bilateral investment treaties India has signed with other countries in the past.
The large number of bilateral investment treaties signed between advanced and developing countries across the world speaks to their useful role in promoting cross-border trade and investment, and the United States would have the benefit of drawing on a well-established model text for negotiations.
Kuwait has signed bilateral investment treaties with 74 partners.
The banks said that the plan to convert the loans violates European Union laws and bilateral investment treaties.
He said the Government of Spain would settle the issues of bilateral investment treaties and memoranda of understanding with Pakistan.
Canadian law firms' advice to concerned corporate investors and mining companies was to press for the establishment of bilateral investment treaties ("BITs"), called in Canada "foreign investment promotion and protection treaties" or "FIPAs.
Cherie Blair's law firm Omnia Strategy has agreed a deal with Kazakhstan's Ministry of Justice earlier this year to conduct a review of the country's bilateral investment treaties.
Of the 390 disputes filed between 1995 and 2010 under some 2,700 bilateral investment treaties, Heather noted that governments won 40% of the cases, investors 30%, with 30% ending in a settlement.
The author compares principles and rules in in such investment agreements as bilateral investment treaties and the investment chapters of preferential trade agreements with the multilateral rules of the General Agreement on Trade and Services.

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