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Part V The International Law of Foreign Investment, XXXIV Treaties on Investment Protection

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 28 February 2024

Specialized treaty frameworks — Investor — Investment — Standards of treatment — BITs (Bilateral Investment Treaties)
The traditional Treaties of Friendship, Commerce and Navigation (FCN treaties) which were concluded at the beginning and the middle of the 20th century by many of the Western States often contain provisions relating to the treatment of investments (admission and protection).1 Up to now, the United States is party to over 60 FCN treaties.2 Over the last decades, a new type of treaty on protection and promotion of investments has been established, the Bilateral Investment Treaties (BITs).3 European States (led by the Federal Republic of Germany), the United States,...
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