The Fair and Equitable Treatment Standard in the International Law of Foreign Investment
The treatment of foreign investors and of their investments on the territory of a host State is often subject to a bilateral investment treaty (BIT) signed by the national State of the investors and the host State. These BITs usually contain a clause in which the two States offer fair and equitable treatment (FET) to the foreign investors on their territory. Moreover, this clause has become a norm of customary law, implying that investors may rely on it even outside the context ofthe BIT. Foreign investors whose rights under this clause have not been respected may bring the State in front of a
電子書, English, 2008
OUP Oxford, Oxford, 2008