FDI Perspective No. 193: “Investment contracts are not a substitute for investment treaties,” by David Collins

International investment contracts have been viewed as an effective substitute to treaties for their capacity to protect foreign investors. Nonetheless, they have had limited uptake outside of large scale infrastructure projects, possibly because they present intractable difficulties, including costly negotiation and onerous conditions which may be prohibitive for smaller investors.

A translation in Mandarin is also available via the “Download Resources” button.