UK and Jersey Investment Treaty Developments: An Overview from Lexology

The United Kingdom and Jersey have recently signed a new investment treaty that will provide greater protection for investors in both countries. The treaty, which was signed in April 2021, is the first of its kind between the two countries and is expected to bring significant benefits to both sides.

The UK-Jersey Investment Treaty (UKJIT) is designed to protect investors from both countries by providing a framework for dispute resolution and ensuring that investments are treated fairly and equitably. The treaty also sets out a number of provisions that are intended to promote foreign direct investment (FDI) between the two countries.

The UKJIT is the first of its kind between the two countries and is part of a larger effort to strengthen economic ties between the UK and Jersey. The treaty is expected to bring significant benefits to both sides, including increased investment opportunities, improved access to capital, and improved regulatory certainty for investors.

The UKJIT also provides for the establishment of an Investor-State Dispute Settlement (ISDS) mechanism. This mechanism will allow investors to seek redress for any disputes that arise between them and the host country. This will provide greater protection for investors and ensure that their investments are treated fairly and equitably.

The UKJIT also includes provisions that are intended to promote FDI between the two countries. These include provisions on the free movement of capital, the liberalization of trade in services, and the promotion of technology transfer. These provisions are expected to create a more attractive environment for foreign investors, which should lead to increased investment in both countries.

Overall, the UKJIT is an important step forward in strengthening economic ties between the UK and Jersey. The treaty is expected to bring significant benefits to both sides, including increased investment opportunities, improved access to capital, and improved regulatory certainty for investors. It is also expected to promote FDI between the two countries, which should lead to increased economic growth and development in both countries.

Source: news.google.com

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