BIT

bit
index iota, minimum, part (portion), scintilla, segment

Burton's Legal Thesaurus. . 2006


BIT
USA
A treaty between two governments designed to promote and protect foreign private investment by minimizing the political risks associated with investing in a foreign country. These agreements establish the terms and conditions under which nationals and companies of one country invest in another country, including their rights and protections. Subject to certain exceptions and limitations, BITs provide protection against:
• Expropriation or nationalization of foreign assets.
• Currency restrictions.
• Discrimination between local and foreign investors.
One of the main protections accorded by a BIT is that it allows foreign investors to sue the host government for a breach of the treaty before the International Centre for Settlement of Investment Disputes instead of the local courts.
If a BIT is not available (either because one has not been negotiated between the relevant countries or has been negotiated but not yet ratified), the foreign investor may be able (depending on its negotiating strength) to negotiate some of the same protections and rights in a host government agreement, including a stabilization clause. A foreign investor with a qualifying project may also mitigate its risks by obtaining political risk insurance.
As of March 1, 2010, the US is a party to 40 BITs including with Argentina, Kazakhastan, Senegal and Ukraine. In 2009, the US undertook a review of its model BIT which was last updated in 2004. The purpose of this review was to ensure that the model BIT is consistent with the public interest and overall US economic agenda.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат
Synonyms:

Look at other dictionaries:

  • bit — bit …   Dictionnaire des rimes

  • bitərəfləşmə — «Bitərəfləşmək»dən f. is …   Azərbaycan dilinin izahlı lüğəti

  • Bit — Saltar a navegación, búsqueda Bit es el acrónimo de Binary digit. (dígito binario). Un bit es un dígito del sistema de numeración binario. Mientras que en el sistema de numeración decimal se usan diez dígitos, en el binario se usan sólo dos… …   Wikipedia Español

  • BIT — (binary digit) Contraction de l’expression anglaise binary digit (chiffre binaire), le terme bit prend en informatique trois significations différentes. Puisqu’on se trouve ici dans un système de numération à base 2, deux symboles (habituellement …   Encyclopédie Universelle

  • Bit — [bɪt], das; [s], [s]: kleinste Einheit der Informationseinheit beim Computer: ein Byte besteht aus acht Bit; ein Bit steht entweder auf 0 oder auf 1. * * * bịt 〈EDV; Zeichen für〉 Bit * * * 1Bịt , das; [s], s <aber: eine Million Bits od.… …   Universal-Lexikon

  • bit — bit1 [bit] n. [ME < OE bite, a bite < bītan, BITE] 1. the part of a bridle that goes into a horse s mouth, used to control the horse: see BRIDLE 2. anything that curbs or controls 3. the part of a pipestem held in the mouth: see PIPE 4. th …   English World dictionary

  • bit — Ⅰ. bit [1] ► NOUN 1) a small piece or quantity. 2) (a bit) a short time or distance. 3) (also bit of fluff or stuff) informal a girl or young woman. ● a bit …   English terms dictionary

  • bit.ly — bit.ly …   Википедия

  • BIT — (homonymie) Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom.  Pour les articles homophones, voir Bite (homonymie) et Bitte (homonymie) …   Wikipédia en Français

  • bit — BIT, biţi, s.m. (inform.) Unitate de măsură pentru cantitatea de informaţie (3) dintr un semnal, corespunzător logaritmului în baza 2. – Din engl., fr. bit. Trimis de paula, 03.09.2007. Sursa: DEX 98  bit (unitate de informaţie) s. m., pl. biţi… …   Dicționar Român

  • Bit — Sn Binärzeichen per. Wortschatz fach. (20. Jh.) Entlehnung. Entlehnt aus ne. bit, einem Kunstwort ( blending ) aus ne. binary digit binäre Zahl . E. binary geht (wie auch nhd. binär) zurück auf l. bīnārius zwei enthaltend , zu l. bīnus je zwei ;… …   Etymologisches Wörterbuch der deutschen sprache

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”