Abstract

By its nature a Special Economic Zone (SEZ) envisages the establishment of economic relations between a state where this zone is situated and an investor which is a national of another state. These kinds of relations fall into the scope of International Investment Agreements (IIAs), including Bilateral Investment Treaties (BITs). The rights and protections of an investor of SEZ under BIT have a high potential to be breached as the state provides investors in SEZ with exceptionally preferential conditions. Considering the increasing number of SEZs in the world, enhancement of dispute ...