Introduction

Fair and equitable treatment is one of the standards of treatment of foreigners under international law. One of the early sources for a discussion of the treatment of foreigners is the Neer Case .[1] The concept of fair and equitable treatment did not exist at that time, but the case does address in general terms treatment of foreigners by a host State. In the post Second World War attempts to regulate the international economy - resulting in the establishment of the World Bank and the International Monetary Fund - the negotiating states also tried to create a ...