For businesses and legal professionals, understanding BITs is essential for facilitating international growth while protecting assets and interests. As the legal landscape evolves, business treaties will remain central to promoting trust and collaboration in the global investment ecosystem.
Business treaties today have emerged as critical instruments in fostering international trade, providing a legal framework for cross-border investments, and ensuring investor confidence. Critics argue that some provisions disproportionately favor investors over host countries, potentially impacting national sovereignty and economic policies. Recent trends indicate a shift toward renegotiating treaties to balance investor protections with sustainable development goals.
Speaking at BW Legal World Annual Legal Leaders Conclave & Awards 2024, Anuradha Dutt, Founder And Managing Partner, DMD Advocates also touched upon the critical role of General Counsels (GCs) in today’s competitive world.
“GCs have been playing a pivotal role on organisational realm today and while studying in the US, I happened to have a clear exposure of how none of the companies were functioning without GCs,” she said. Their role typically include mechanisms for resolving disputes through international arbitration, such as the International Centre for Settlement of Investment Disputes (ICSID). And this creates a predictable and enforceable legal environment for businesses operating internationally.
 (850 x 600 px) (43)_20241210233714_original_image_44.webp)
_20241127144602_original_image_20.webp)