BIT

A Bilateral Investment Treaty (BIT) is an international treaty signed between two states, the home state and the host state. The latter being the one where the private investment by a company or individual will take place. The aim of a BIT is to encourage and protect foreign investment by laying down mutual and favourable conditions that can be relied upon in international arbitration dispute settlement. By doing so foreign investors are provided with more legal security which increases the chance that they will enter the host state market.

BIT

(U.S. International Trade Commission)/ /1 Comment

Tobacco harms and kills. Direct or passive consumption of tobacco causes annually the premature deaths of six million people worldwide. Even worse is the frustration, pain, and cost of living with tobacco disease and addiction. Although smoking kills more people than illegal drugs–and nicotine is as addictive as heroin–tobacco remains legal, albeit highly regulated in…

BIT, Brexit, CJEU, EU, EU Law, Free Trade Agreement

(Oslo University & Europa Institute)/ /Leave a comment

Need for a transitory mechanism In 2009, the EU acquired exclusive competence to regulate foreign direct investment (FDI) – which previously rested with its Member States – through the entry into force of the Lisbon Treaty. Since then, the European Commission has been engaging in the negotiation of international investment agreements (IIAs) and investment chapters…