iResolve is pleased to announce that the http://Africa Arbitration Academy Model Bilateral Investment Treaty for African StatesAfrica Arbitration Academy Model Bilateral Investment Treaty for African States has just been officially launched. The preparation of the AAA Model BIT has been undertaken through an interactive and in-depth research process by a Drafting and Technical Review Committee consisting of seasoned arbitration and investment law experts drawn from different African States and the international arbitration and investment law community. It presents a modest contribution to the ISDS discourse and is an intellectual work product of the Africa Arbitration Academy.
The AAA Model BIT sets out the investment policy framework for the promotion of foreign direct investments in Africa and provides a unique approach to balancing the relationship between investment promotion and sustainable development. The Model BIT has been designed as a comprehensive document comprised of uniform texts which African States may adopt as a basis for developing their specific model investment treaties, and also for non-African States when seeking to negotiate and conclude BITs with African States. Even if a State does not have a model investment treaty, this AAA Model BIT will be useful in considering how obligations are drafted. It provides insights into different drafting approaches.
Our Founder & Principle Director, Madeline Kimei was a serving member of the Drafting Committee for this important document and recommend it to practitioners, state officials, investors, and other stakeholders interested in doing business in Africa.
