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Max Planck Encyclopedia of Public International Law [MPEPIL]

Investment Codes

Markus Burgstaller, Michael Waibel

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

National treatment — International minimum standard — International investment law — Arbitration

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1 Investment codes are standalone, unified codes where all the rules are relevant for inward foreign investment. They typically specify the types of admissible capital, the sectors open and closed to foreign investors, the environmental, planning, and other regulations for foreign investment, and the conditions under which such investment may be terminated. They often provide for tax breaks and other incentives. Some apply only to existing foreign investment. Others seek to encourage new investment flows. They may be generally applicable or sector-specific.2...
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