Comparative Commentary to Brazil's Cooperation and Investment Facilitation Agreements (CIFAs) with Mozambique, Angola, Mexico, and Malawi
Article from: TDM 2 (2016), in Latin America
Unlike traditional bilateral investment treaties (BITs), which are geared toward investor protection, Brazil's Cooperation and Investment Facilitation Agreements (CIFAs-or ACFIs in their Portuguese acronym) focus primarily on cooperation and investment facilitation. They promote amicable ways to prevent and settle disputes and propose state-state dispute settlement as a backup; notably, they do not include provisions on investor-state arbitration. The Brazilian approach therefore offers an alternative to governments that wish to reduce unintended risks of arbitration while finding ways ...