Introduction

Having regard to the main role of BITs being facilitators of investment in emerging economies, it is nothing but to be expected that BITs are normally entered into between technologically advanced economies, on the one hand, and not-so-developed economies eager for infusions of technology-boosting investment on the other. So, normally, BITs have been concluded into between industrialized countries and among them, often by the "old" EU Member States, and third-world countries. Consequently, it is only in a few exceptional cases that BITs have been concluded ...