The Cost of Uncertainty - The notion of investment in Bilateral Investment Treaties and ICSID Arbitration
Bilateral Investment Treaties (BIT) are entered into by two state signatories wishing to promote, protect and liberalize investments. A BIT protects a private party, that is an investor having made an investment, by allowing for such a private party to address judicial recourse against a state signatory under the Washington Convention (the Convention). The Convention provides jurisdiction for the
