Introduction

(revised 21/07/2016) Notorious for its non-participation in the international system of investment protections, Brazil is one of the most popular destinations for foreign direct investment (FDI) around the world: with 64 billion US dollars of capital in incoming FDI, the South American state ranks fifth among the biggest foreign direct investment host economies and it is the top host economy in Latin America. And yet, unlike most countries around the globe, including its neighbours in Latin America, Brazil is not party to any bilateral investment treaties (BITs) presently in ...