Do International Investment Agreements Provide Remedies for Foreign Investors Harmed by the Lebanese Financial Crisis?
In our latest article for Business Law Today, we consider whether international investment agreements provide remedies for foreign investors harmed by the ongoing Lebanese financial crisis. In doing so, we draw on our years of work on cases involving the Middle East generally, and international banks specifically, to analyze remedies available to foreign banking customers whose investments in Lebanon have been adversely impacted by the recent financial crisis. We conclude that foreign investors may be able to rely on a variety of international investment treaties to assert arbitration claims directly against the Lebanese state for its role in failing to protect these investments. The full article is available here.