Ivars Mekons on Crucial Moment for International Investment Law (PDF)
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In the 1970s a large group of States attempted to subject protection of foreign investments to the overall interests of the Host State; they viewed any self-standing international rule for the protection of investments as obsolete. A problem now exists in the application of Bilateral Investment Treaties, contrary to what could be sensibly expected. This article presents four dangerous traits present in BITs and suggestions for improvement.
The author is a founder and chairman of the international commercial law boutique "SUCCESS Specialized Advisory Services" (www.success410.com. Ivars Mekons has been practicing international investment law since 2004 when he was entrusted to represent the Latvian Government in negotiation of commercial agreements with foreign investors and in investment dispute resolution under commercial agreements and investment protection treaties.
In his private practice, Mr. Mekons focuses on the areas of aviation, IT, renewable energy, and other commercial deals. Additionally, he currently serves as the Senior Legal Adviser to the Latvian Government for international investment law matters.
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