This paper analyses the broad asset based definition of investment in the BITs signed by four South Asian countries, namely Bangladesh, Pakistan, India and Sri Lanka.
KLS Energy Lanka, the local subsidiary of Malaysian renewable energy producer Energy Sdn Bhd of Malaysia has initiated ICSID arbitration under the Sri Lanka-Malaysia BIT
A dispute initiated by Deutsche Bank against the government of Sri Lanka will be a test case on whether derivatives contracts should be considered ’investments’ under bilateral investment treaties