Poland plans to scrap Bilateral Investment Treaty with Portugal
On 18 July 2017 the Polish Council of Ministers submitted a draft proposal to parliament allowing the President to unilaterally terminate the current agreement on the promotion and reciprocal protection of investments, signed between Poland and Portugal on 11 March 1993 (Poland-Portugal BIT).
The Poland-Portugal BIT establishes the terms and conditions for private investment by nationals and companies of Poland in Portugal and vice versa.
The BIT contains a Most Favoured Nation clause (i.e. foreign investors from one contracting state may not be treated less favourably than investors from other states) and protects foreign investors against unlawful expropriation (direct and indirect).
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