Mohammad Belayet Hossain
Lecturer, School of Law,
Chittagong Independent University of Bangladesh
International economic law is a massive body of law, which is growing rapidly and changing fast. It seeks to regulate more or less all aspects of international economic relations between states. This article is shall cover most important issue or topic within international economic law. The law of foreign investment is one of the oldest areas of international law. It has developed over the centuries, mainly through bilateral transactions between states. It is also one of the most complex areas of international law. It is explained in: diplomatic exchanges between states and decisions of international courts and tribunals. Owing to the complexities involved, it remains one of the last major areas of international law not yet regulated by any international treaty of universal character. This article will examine international efforts to regulate foreign investment and the activities of multinational enterprises (MNEs).