The Expropriation Provision in the Investment Protection Agreement Between Vietnam and the European Union

Abstract

Provisions on expropriation of investors' property rights are intended to protect foreign investors by establishing standards and conditions for acts of interference in property ownership of the receiving country. By international practice, this provision is indispensable in international investment agreements and becomes clearer through international investment case law. The Investment Protection Agreement between Vietnam and the European Union (EVIPA) is built to reflect the standard criteria for protecting investors' interests in case of expropriation of property but also creates specific commitments in accordance with Vietnamese law practice.