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Simple English definitions for legal terms

bilateral investment treaty

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A quick definition of bilateral investment treaty:

A bilateral investment treaty (BIT) is an agreement between two countries that establishes the rules for private investment by individuals and companies from one country in the other country. The treaty sets standards for how the host country must treat foreign investors, including fair and equal treatment, protection from expropriation, and the ability to transfer funds. BITs often include a dispute resolution mechanism that allows investors to seek arbitration if their rights are violated. There are over 2,500 BITs in effect around the world today.

A more thorough explanation:

A Bilateral Investment Treaty (BIT) is an international agreement between two countries that establishes the terms and conditions for private investment by nationals and companies of one country to another country. The purpose of these treaties is to protect foreign investors and their investments in the host country by setting forth actionable standards of conduct that apply to governments in their treatment of investors from other nations.

The first generation of these treaties were Friendship, Commerce and Navigation Treaties (FCNs), which required the host state to treat foreign investments on the same level as investments from any other nation. The second generation of these treaties are Bilateral Investment Treaties (BITs), which set forth actionable standards of conduct that applied to governments in their treatment of investors from other nations, including fair and equitable treatment, protection from expropriation, and free transfer of means and full protection and security.

One distinctive feature of many BITs is that they allow for an alternative dispute resolution mechanism, whereby an investor whose rights under the BIT have been violated could have recourse to international arbitration, often under the auspices of the International Center for the Settlement of Investment Disputes (ICSID), rather than suing the host State in its own courts.

There are more than 2,500 BITs active in the world today. For example, the United States has BITs with countries such as China, India, and Brazil. These treaties help to promote foreign investment and economic growth by providing investors with greater legal certainty and protection.

Overall, BITs are important tools for promoting international investment and economic growth by providing investors with greater legal certainty and protection.

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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