In recent years, the countries of Eastern Europe have emerged as highly attractive destinations for foreign direct investment (FDI). Having shed their legacy of state-controlled economic policies and embraced market reforms, these states have managed to attract investors from around the globe seeking to capitalise on opportunities arising from this historic and ongoing transformation. In furtherance of this trend, Eastern European states have entered into a variety of international treaties designed to protect foreign investment and thus to induce the further inflow of needed capital. Investors, for their part, have frequently taken advantage of such treaties to protect their rights, in some cases pursuing international arbitration claims worth hundreds of millions of dollars.
An extract from The European & Middle Eastern Arbitration Review 2009 - a Global Arbitration Review special report - www.GlobalArbitrationReview.com.
