The Tanzania Petroleum Law Reforms Vis a Vis International Obligations: Compliance or Departure?
Article from: OGEL 1 (2023), in Africa
Bilateral Investment Treaties (BITs) and Multilateral Investment Treaties (MITs) provide a standard of protection to investors in the contracting States. These standards include fair and equitable treatment, protection against nationalisation and expropriation, a guaranteed unrestricted transfer of investments and returns, and full protection and security. The infringement of the standard of protection offered under BITs and MITs empowers an investor affected to initiate proceedings under the forum agreed. The Government of Tanzania has enacted two laws, the Natural Wealth and ...