Foreign Investment Protection Regime of the Republic of Lithuania
Eurasia Arbitration Journal, 2013 September No 1
Posted: 4 Sep 2013 Last revised: 5 Jan 2015
Date Written: September 3, 2013
Abstract
The start of Lithuania’s transition to free market economy meant that Lithuania had become a member of international commercial market and, as a developing country, had to attract foreign investment fast. This circumstance facilitated the conclusion of a vast number of BITs between Lithuania and its commercial partners. After analysis of the BITs concluded by Lithuania, this article evidenced that Lithuania is ready to become a reliable partner and a secure host state for foreign investors and their investments. However, as it was observed, understanding of the concepts and specific regulations of both, the administrative law, its procedure and the civil of the Republic of Lithuania, as well as distinguishing features of Lithuania’s BITs is crucial when considering possible violations of investor’s rights and their defence either in the courts of Lithuania or international tribunals.
Keywords: investment treaty, Lithuania, BIT, arbitration, claim
JEL Classification: K33, K41
Suggested Citation: Suggested Citation