Conception of foreign investment under Convention on the settlement of investment disputes between States and Nationals of other States and Lithuanian law

Vytautas Senavicius, Tomas Talutis

    Research output: Contribution to journalArticle

    Abstract

    In the pursuit of economic development of emerging countries, capital is needed. To attract it, the Republic of Lithuania is struggling to enhance the investment climate of the country through international and domestic legal instruments. Therefore, it is vital that legal regime of foreign investment is in line with the international practice. The aim of this article is to analyze the conception of foreign investment under the laws of the Republic of Lithuania and also under Convention on the Settlement of Investment Disputes. First of all, we analyze the scope of application investor’s rights and obligations under Convention on the Settlement of Investment Disputes. Here we emphasize the meaning of investment under the said convention and go further into analysis of the laws of the Republic of Lithuania in order to find out whether the foreign investment conception under the Law on Investment of the Republic of Lithuania is in line with the widely known conception of investment under the Convention on the Settlement of Investment Disputes. The second part of the article highlights the tendencies of recent international disputes on the matter.
    Original languageEnglish
    Pages (from-to)36-42
    JournalSocial sciences
    Issue number2 (76)
    DOIs
    Publication statusPublished - 2012

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    Keywords

    • Foreign investment
    • ICSID Convention
    • Law on investments

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