Abstract:
The article considers the role and significance of bilateral and multilateral agreements in the field of promotion
and mutual protection of foreign investments. It is well-known that the shortcomings of the national legal
regulation of relations related to foreign investments can be compensated by their international legal regulation.
At the same time, it is obvious that at the level of bilateral intergovernmental agreements a rather narrow
range of issues is regulated (as a rule, a general principle is formulated for treating foreign investments and
standard guarantees are given), and multilateral universal conventions cover only particular situations related
to the investment (energy sphere, arbitration settlement of investment disputes, the mechanism of compensation
of the investor's losses from political risks through the insurance system in a special international home
agency). International conventions of the CIS countries also mainly refer to the internal law of the participating
states. All this allows us to conclude that the main role in regulating foreign investments is played by national
legislation that most fully regulates the procedure and forms for attracting foreign investors and the activities
of an enterprise with foreign participation, and also specifies the procedure for the implementation of
guarantees enshrined in international agreements.
