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Description
What the western corporate world failed to achieve by trying the abortive device of the Multilateral Agreement on Investment (MAI) in mid-1990s and later through institutional mechanism of the WTO in recent years, now happens to be within its reach and that too without much hassle, thanks to the more effective tool of bilateral free trade or investment treaties.
That for the businesses of industrialized states to enter a country like Pakistan, the legal structure there must be investor-friendly goes without saying. In this case the readiness to comply with the investor-state's harsh terms is amazing for every developing country is too anxious to seek US investment. But this cannot be put in place the way colonial officers did in India.
The courts were then simply asked to, rather order to, change the laws. Now, the native judicial officers are to be sensitized, new laws to be promulgated by the local authorities and that the technical assistance for this purpose to be provided "on the request" of the host (client) government.
It was in this backdrop that a two-day "Judicial Conference on Adjudication on Intellectual Property disputes in Pakistan" was held at the Federal Judicial Academy, Islamabad on September 18. Though organized locally, the key sponsors were the US Commercial Law Development... |
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