Rules can be helpful, particularly when they apply generally. On the other hand, the selective creation, application, and enforcement of rules can lead to preferential treatment. In international investment law, there is little uniformity. States promote investment rules in the interest of providing for stability, transparency, predictability, non-discrimination, and protection for their companies and individuals that invest abroad. The quid pro quo is that they offer the same standards for foreign investors wishing to invest in their State. Good investment rules...
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