Protect your BITs

Henchie, N.

Protect your BITs - 2003 - Building 268(8282) 6 June 2003, 56(1) .

Considers whether companies accepting a construction or engineering job in an unstable foreign country should ensure there is a Bilateral Investment Treaty (BIT) in place before signing. BITs provide for the protection of the investment of a company from one contracting state made in the territory of the other contracting state. They provide for the settlement of disputes and have been concluded between the UK government and 94 other countries. Consequently, disputes can be referred to the International Centre for Settlement of Investment Disputes.


BILATERAL INVESTMENT TREATIES
CONSTRUCTION DISPUTES
ENGINEERING DISPUTES