2. Arbitrators have expertise or experience in international international law, investment or international trade, or dispute resolution arising from international investments or international trade agreements. Arbitrators are independent of a party and are not associated with or given instructions. 2. The terms “fair and equitable treatment” and “comprehensive protection and security” in paragraph 1 do not require additional treatment or beyond, which is required by international minimum standards for the treatment of foreigners. Although not clearly defined, an ILO is a legally binding agreement between two countries, which defines mutual protection and investment promotion in both countries. The United Nations Conference on Trade and Development (UNCTAD) defines the ILO as “agreements between two countries to promote, promote and protect investment in the other country`s territories by companies based in both countries.” Countries that sign the ILO commit to specific standards for the treatment of foreign investment in their area of expertise. In the event of non-compliance with these obligations, the ILO proposes important dispute resolution procedures. These contracts were concluded at the request of capital-exporting industrialized countries to seek protection for investors and their investments in capital-importing developing countries. However, underlying interests and balances of power have changed significantly in recent years as a result of increased south-south direct investment (FDI). Developing countries, especially the BRICS – Brazil, Russia, India, China and South Africa – are increasingly developing as major foreign investors. The number of ILOs between developing countries has increased by a close increase since 2004.
As the pattern of global investment flows evolves, the ILO`s landscape is changing rapidly. `intellectual property rights`, intellectual property rights, intellectual property rights, trademark rights, geographical indication rights, industrial design rights, patent rights, integrated circuit layout rights, rights to the protection of undisclosed information and breeders` rights; 1. A party may deny the benefits of this agreement to an investor of the other party who is a business of the other party and to the investments made by that investor if investors from a non-party or negative party own or control the business; 1. Article 5 (treatment of the most favoured nation) does not apply to the treatment of a party under a bilateral or multilateral international agreement that is in force or signed before 1 January 1994. 1. Except for an arbitral tribunal within the meaning of article 28 (consolidation) and unless the parties in dispute otherwise agree that the arbitral tribunal consists of three arbitrators. The arbitrator is appointed by the arbitrator and the third arbitrator is appointed after the parties agree. (2) An investor or a respondent party claim that a dispute is a measure taken or maintained by the respondent party with respect to the financial institutions of the other party or that your investments in financial institutions are made in the territory of the respondent`s party of thought, or if the respondent invokes section 11, paragraph 6 (transfers), 18, paragraph 2 or 18 , paragraph 3 (general exceptions), arbitrators have jurisdiction or jurisdiction in addition to the criteria set out in Article 26, paragraph 2 (arbitrators). experience in financial services legislation or practice, including the regulation of financial institutions. Each party encourages the establishment of favourable conditions for investments in its territory by investors of the other party and welcomes them in accordance with this agreement.