Foreign Investment: Dispute Resolution
The question
To ask the Secretary of State for Business and Trade, if he will initiative a review of UK treaties containing Investor-State Dispute Settlements.
Answered by Mr Douglas Alexander
The UK is party to 83 Bilateral Investment Treaties (BITs) that contain investment protection and Investor-State Dispute Settlement (ISDS). In 2022, these BITs covered at least £195 billion of UK investment overseas.
ISDS provides an independent means to resolve disputes with states where investors believe they have experienced arbitrary, discriminatory or unfair treatment or expropriation without adequate compensation.
The Government has no plans to review UK treaties containing ISDS.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →