Abstract
Latin-American countries’ attitude towards international investment law has undergone an evolution. During the 90s, those countries stipulated many Bilateral Investment Treaties (BITs), subscribed to the Washington Convention, and, recently, they have been up front in the process of reconsideration regarging the legal system revolving around the BITs. Their recent negotiating practices represent good examples of a new generation of investment treaties. In particular, a glance at the main clauses of the MERCOSUR Protocol will reveal the member States’ intent to severely limit the extent of the treatment and the protection to be granted to foreign investors.
Keywords:
Foreign Investments; Negotiating Practice; Mercosur