What will a U.S.-China BIT do to Investor-State Arbitrations?
Today's Financial Times has a story on how unhappy U.S. businesses have become about Chinese government restrictions interfering with their access to Chinese markets. So, one can understand how U.S. exporters would welcome news that the United States and China are getting closer to including a Bilateral Investment Treaty (BIT). And, let's be clear, this would be the mother-of-all BITs, given...