Bilateral Investment Treaty

Bilateral Investment Treaty (BIT) definition

/bʌɪˈlat(ə)r(ə)l/ /ɪnˈvɛs(t)m(ə)nt/ /ˈtriːti/

What does Bilateral Investment Treaty mean?

A treaty between two states that seeks to encourage reciprocal investment by investors of those two states, including providing for rights and protections for foreign investors and investments, and how any disputes that may arise are to be resolved (often referred to as investor-state dispute settlement or ISDS).

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BIT

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