The departure of Venezuela, Bolivia and Ecuador from the International Center for Settlement of Investment Disputes Convention has prompted considerable interest in fundamental questions regarding foreign direct investment (“FDI”) in these three countries and in Latin America. Designed to maximize FDI opportunities, the Convention provides “foreign investors” with an international super-forum to enforce investor protection standards contained in bilateral and multilateral investment treaties.
Will adverse consequences attach to the “Bolivarian states” in the form of diminished foreign direct investment?
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