461. Full protection and security.

Bilateral investment treaties (including UK Investment Promotion and Protection Agreements or 'IPPA's1) commonly provide that investors are at all times to enjoy full protection and security in the territory of the host state2. This has generally been interpreted as protecting the investor against failures by the state to protect the physical integrity of the investor's property, either in relation to damage caused by state officials or by the actions of others where the state has failed to exercise due diligence