1

Abstract

class="a">Provisions on investment contained in chapter three of energy charter treaty are the cornerstone of the treaty that aim to promote and protect foreign investment in member states. To this end, the treaty confers some fundamental rights to foreign investors in host state in the relation to their investment. Compatible with treaty approach, this article addresses the protection of investment in two separated phase; pre-investment phase or so-called adoption of foreign investment by state, and after establishing investment. In this respect, Nondiscrimination through national treatment or MFN, whichever is the  more favorable, as the most important commitment of states in facing with a foreign investment in company with some other concepts such as obligation to accord at all times to Investments of Investors of other Contracting Parties fair and equitable treatment and observing minimum standards of international law will be discussed and try to, by comparing them with other similar instruments and arbitral practice, render a correct comprehension from treaty’s position.Key words Energy Charter Treaty, Foreign Investment, Protection of Investment. 

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