翻訳と辞書
Words near each other
・ Bilasuvar District
・ Bilat Ferat
・ Bilat Village
・ Bilate River
・ Bilateral
・ Bilateral (album)
・ Bilateral Affairs Officer
・ Bilateral air transport agreement
・ Bilateral cingulotomy
・ Bilateral copyright agreements of the United States
・ Bilateral descent
・ Bilateral filter
・ Bilateral frontoparietal polymicrogyria
・ Bilateral hilar lymphadenopathy
・ Bilateral hypergeometric series
Bilateral investment treaty
・ Bilateral key exchange
・ Bilateral monopoly
・ Bilateral netting
・ Bilateral sound
・ Bilateral synchronization
・ Bilateral trade
・ Bilateral treaty
・ Bilateral US-Arab Chamber of Commerce
・ Bilateral vestibulopathy
・ Bilateralism
・ Bilateria
・ Bilatio
・ Bilaua
・ Bilauktaung


Dictionary Lists
翻訳と辞書 辞書検索 [ 開発暫定版 ]
スポンサード リンク

Bilateral investment treaty : ウィキペディア英語版
Bilateral investment treaty

A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the friendship, commerce, and navigation treaty (FCN).〔See W. Michael Reisman et al.,"International Law in Comparative Perspective" (2004), p. 460.〕
Most BITs grant investments made by an investor of one Contracting State in the territory of the other a number of guarantees, which typically include fair and equitable treatment, protection from expropriation, free transfer of means and full protection and security. The distinctive feature of many BITs is that they allow for an alternative dispute resolution mechanism, whereby an investor whose rights under the BIT have been violated could have recourse to international arbitration, often under the auspices of the ICSID (International Center for the Settlement of Investment Disputes), rather than suing the host State in its own courts.〔See Jarrod Wong, ("Umbrella Clauses In Bilateral Investment Treaties: Of Breaches of Contract, Treaty Violations, and the Divide Between Developing and Developed Countries In Foreign Investment Disputes" ), George Mason Law Review (14 Geo. Mason L. Rev. 135) (2007).〕 This process is called investor-state dispute settlement.
The world's first BIT was signed on November 25, 1959 between Pakistan and Germany.〔"International Investment", by Americo Beviglia Zampetti and Pierre Sauve, in ''Research Handbook in International Economic Law'' (E. Elgar, 2007), p215; http://www.bilaterals.org/article-print.php3?id_article=717〕 There are currently more than 2500 BITs in force, involving most countries in the world.〔See Rudolf Dolzer and Christoph Schreuer, ''Principles of International Investment Law'', Oxford, 2008, p. 2. Also see UNCTAD, ''World Investment Report'' (2006) XVII, 26.〕 Influential capital exporting states usually negotiate BITs on the basis of their own "model" texts (such as the US model BIT).〔http://www.ustr.gov/trade-agreements/bilateral-investment-treaties (discusses model BITs). See also (INTERNATIONAL INVESTMENT INSTRUMENTS: A COMPENDIUM VOLUME XIV ), 01/03/05 (UNCTAD/DITE/4(Vol.XIV)), Part II, for the Canadian model BIT.〕
== Criticism ==
NGOs have spoken against the use of BITs, stating that they are mostly designed to protect the foreign investors and do not take into account obligations and standards to protect the environment, labour rights, social provisions or natural resources. Moreover, when such clauses are agreed upon the formulation is legally very open-ended and unpredictable.〔(Protest against EU investment policy ) Transnational Institute

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Bilateral investment treaty」の詳細全文を読む



スポンサード リンク
翻訳と辞書 : 翻訳のためのインターネットリソース

Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.