A closed-door roundtable convened in the House of Lords brought together parliamentarians, senior counsel, and corporate finance leads to examine the bilateral investment protection framework — and the gaps that remain.

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The Question Before the Room

British firms with long-cycle interests in Libya — particularly in infrastructure, energy, and education — face a recurring question from their boards and investment committees: what is the legal recourse if commitments are not honoured?

The roundtable examined the current bilateral instruments, the practical experience of firms operating on the ground, and the architecture that would give underwriters and lenders sufficient confidence to deploy long-dated capital.

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Working Group Outcomes

Participants endorsed the formation of a small technical working group, chaired by a senior peer with FCDO experience, to develop a position paper on the modernisation of the bilateral investment treaty framework.

The paper will be tabled at the Alliance's annual general assembly later this year and circulated to relevant officials in both governments.

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