Overview of investment treaty programme
1. What are the key features of the investment treaties to which this country is a party?
Nigeria
(a) BITs/MITs
BIT contracting party or MIT | Substantive protections | Procedural rights | ||||||
---|---|---|---|---|---|---|---|---|
Fair and equitable treatment (FET) | Expropriation | Protection and security | Most-favoured-nation (MFN) | Umbrella clause | Cooling-off period | Local courts | Arbitration | |
Algeria (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Austria (not in force) |
Yes |
Yes |
Yes |
Yes |
Yes |
60 days |
Yes |
Yes |
Canada (not in force) |
Yes |
Yes |
Yes |
Yes |
No, save in the case of agreements on tax between an investor and a host government regarding a specific investment. |
60 days. Further cooling-off requirements include expiration of at least 6 months from the day that the events giving rise to the claim occurred and at least 90 days after submission of the notice of intention to arbitrate. |
No |
Yes |
China (18 February 2010) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Egypt (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Finland (20 March 2007) |
Yes |
Yes |
Yes |
Yes |
No |
3 months |
Yes |
Yes |
Germany (20 September 2007) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
No |
Yes |
Italy (22 August 2005) |
Yes |
Yes |
No |
Yes |
No |
6 months |
Yes |
Yes |
Korea 1 February 1999) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
No |
Yes |
Kuwait (not in force) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
No, except for provisional reliefs excluding damages |
Yes |
Morocco (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Netherlands (1 February 1994) |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
No |
Yes |
Romania (3 June 2005) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
Yes |
Yes |
Russia (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Serbia (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Singapore (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
No |
Yes |
South Africa (27 July 2005) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
No |
Yes |
Spain (19 January 2006) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
Yes |
Yes |
Sweden (1 December 2006) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
Yes |
Yes |
Switzerland (1 April 2003) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
Yes |
Yes |
Turkey (signed on 02 February 2011, not in force) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Uganda (not in force) |
Yes |
Yes |
Yes |
Yes |
Yes |
6 months |
Yes |
Yes |
United Arab Emirates (not in force) |
Yes |
Yes |
Yes |
Yes |
No |
3 months |
Yes |
Yes |
United Kingdom of Great Britain and Northern Island (signed, 11 December 1990) |
Yes |
Yes |
Yes |
Yes |
Yes |
3 months |
Yes |
Yes |
FTAs | Substantive protections | Procedural rights | ||||||
---|---|---|---|---|---|---|---|---|
Fair and equitable treatment (FET) | Expropriation | Protection and security | Most-favoured-nation (MFN) | Umbrella clause | Cooling-off period | Local courts | Arbitration | |
ECOWAS Supplementary Act on Investments (19 January 2009) |
Yes |
Yes |
Yes |
Yes |
No |
6 months |
Yes |
Yes |
Templars