CM4APTE尺5FOREIGNINVESTMENT52009PeaeonEducatonIncpubishngssPoanteeMalCHAPTER5fORE/GN/NVEST/NIEN丁Toplcsforthischapter:ForeignInvestmentLawsandCodes$SupervisionofForeignInvestmentSecuritiesRegulationsEnforcementofSecuritiesRegulationInternationally522009PeaeonEducatonIncpubishngssPoontceMalForeignInvestmentLawsandCodesWhatisforeigninvestmepnt*Ownershipbyonepersonof10percentofmoreofthecontrollinginterestinanenterprisenotlocatedinthepersonshomecountry.sSomestateshavegeneralinvestmentlawsthatlimitthetype(jointventures)orpercentageofforeigninvestment.“Othercountriesputrestrictionsoninvestmentinspecificsectors,suchasagriculture,technology,ormedia.sSomeoftheselawsareincorporatedintobilateralinvestmenttreaties(BITs).532005PeaeonEducatonIncpubishngasPlontceMalBITss。Mostoftenbetweenadevelopedstateandthatstatesfavoreddevelopingstates.。ManyBITscontaininternationaldisputesettlementprovisions.BITsconstitutethemostimportantprotectionofinternationalforeigninvestment.542009PeaonEducatonIncpubishngasPlentceHalTypicalTermsinBITsBITsusuallydefineforeigninvestmentandtheconditionsunderwhichinvestorsfromonestatecaninvestintheotherstate.sOftenprovidefairandequitabletreatmentclausesandcompensationguaranteesforexpropriation.。ManydesignatetheWorldBanksInternationalCenterfortheSettlementofInvestmentDisputes(ICSID)asthearbitralbody.552009PeaonEducatonIncpubishngasPlentceHalNationalForeignInvestmentPoliciesPurposeofforeigninvestmentregulations:Promotinglocalproductivityandtechnologicaldevelopment,一.Encouraginglocal、participation,and口.Minimizingforeigncompetitionineconomicareasalreadywellservedbylocalbusinesses:.562005PeaeonEducatonIncpubishngasPoontceMalPoliciesforRegulatingInvestmentApplicationsToachievethesepurposes,investmentlawsestablishbasicpoliciesforscreeningandregulatingforeigninvestmentapplications.、Thesegenerallyfallintothreecategories:Toencourageinvestmentthroughincentivesandminimalregulations:.Touseinvestmentincentivesbutalsotoequirelocalpa枕icipationquOtaS.Toallowforeigninvestmentsubjecttolocalscreeningandsupervision.572005PeaeonEducatonIncpubishngasPlentceMalRegionalInvestmentPoliciesNationsinaparticularregionmayagreetogeneralstandardsforinvestmentintheirregion.OnesuchregionistheAssociationofSoutheastAsianNations(ASEAN).Thisregionisaleadingrecipientofforeigndirectinvestment(FD1).ASEANcountriesactindividuallyandcollectivelytoattractinvestment.Exhibit5-3showsasampleoftheinvestmentincentivesimplementedbyASEANcountries582005PeasonEducatonIncpubishngasPlontceMalASEANInvestmentIncentivesEXHIBIT5-3ASEANnvestmentreaPursuanttothemandateoftheFifthASEANSummitASEANministerssgnedtheFrameworkAgreementontheAlAonOclober7.1998inManilaInvestmentIncentivesTheAlAaimstomakeASEANacompetitiveconduciveandliberalinvestmentarcathroughthefollowingmeasuresaImplementingcoordinatedASEANinvestmentcooperationandfacittationprogranmmesb,Implemeotingcoordinatedpromotionprogrammeandinvestmentawarenessactivites:c.ImmediateopeningupofallindustriesforimvestmentwithsomeexceptionsaspecifiedintheTemporaryExcltsionList(TEL)andlheSemsitveList(SU.IoASEANinvestorsby2010andtoallinv2020:山GrantingimmediatenationallExclusionList(TELandtheSemmentwithsomeexeeptionsasspecifedintheTemporaryveList(SU.toASEANinvestorsby2010andoallin-:sectorintheAlAdevelopmentproc【Promotingfreerflowsofcapitalskilledlabourprofessionalexpertiseandtechnologyamongstthemembercountri&Providingtramparencyiprocesses:stmentpolidiesrulesproceduresandadministrative52009PeaonEducatonIncpubishngasPlentceHalScreeningForeignInvestmentApplicationsMostcountriesrequiretheforeigninvestortoregisterwiththegovernmentandobtaingovernmentapprovaloftheventure.Inmanycountries,foreigninvestorsregisterwithasinglecentralagencysetuptofacilitateforeigninvestments,ltsinternalstaffmayevaluateproposals.Inothercountries,suchasIndiaandMexico,thecentralagencyonlycoordinatesotherspecializedagenciesanddepartments:.Insomecountries,suchasBraziltheevaluationishandleddirectlybyvariousdepartmentsandagencies:.5-102005PeaeonEducatonIncpubishngasPlentceMal