For decades, a commonly held belief among international investment lawyers has been that while bilateral investment treaties (BITs) may not necessarily be crucially important for foreign investment decisions, they have an important indirect effect: BITs lower the price and increase the availability of political risk insurance (PRI), thereby reducing the transaction costs of conducting foreign...
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Reports of Overseas Private Investment Corporation Determinations is a forthcoming publication of Oxford University Press (www.oup.com/us/law), edited by three distinguished international legal experts: international arbitrator Mark Kantor; Michael Nolan, a partner at Milbank Tweed, Hadley & McCloy LLP and adjunct professor at Georgetown University Law Center; and Karl P. Sauvant, Executive Director of the Vale...
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 More than 2,000 Bilateral Investment Treaties (“BITs”) among 175 signatory states, and a growing number of multilateral treaties, such as NAFTA and the Energy Charter Treaty (“ECT”), enhance the international legal rights of cross-border investors and their ability to enforce them. These beefed-up recovery possibilities may improve the environment for political risk insurance underwriters and...
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