Almost all bilateral investment treaties (including UK Investment Promotion and Protection Agreements or 'IPPA's1) contain a prohibition against expropriation2. Such provisions typically prohibit expropriation or measures having effect equivalent to expropriation except where the expropriation is for a public purpose, is not discriminatory and is accompanied by prompt adequate and effective compensation3. In order for the conduct of the state to constitute an expropriation the interference with the investor's rights must be such as substantially to deprive the investor of the economic value, use or enjoyment of its investment4. The effect of the expropriatory conduct is often considered to
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234