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The idea for this study came from the realization that I am in possession of a largely untapped reservoir of valuable treaty materials: the network of bilateral investment treaties (BITs hereafter) which I have collected and studied for a number of years. In these treaties more than one hundred governments have taken a position on a number of issues relating to the promotion and protection of international investments. The three key issues are expropriation, transfer rights with regard to capital and revenues, and dispute settlement.
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Paul Peters (1991) studied this question.
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