Analyzing the Laws and Practices of Disputes Resolutions in Bilateral Investments: A Case Study of China Pakistan Economic Corridor (CPEC)

Abstract

The China Pakistan Economic Corridor (CPEC) prove to be an important component of China's Belt and Road Initiative (BRI) and potentially revolutionize regional connectivity, drives economic growth, and enhances intra-Asian trade. But the project also has major issues, like concerns about politics, security and the absence of dispute resolution mechanisms between local investors and foreign investors. This article examines and evaluates the laws and practices related to dispute resolutions in Pakistan and China particularly the bilateral investment agreements pertaining to CPEC. It reviews how disputes are handled among all the parties involved, including government, private sector entities, and local communities. This study also establishes the significance of having clear, fair, and workable mechanisms of dispute resolution systems that could resolve conflicts emerging during the various phases of a project. The research findings show that the initiative holds the potential to generate economic growth, create jobs, and strengthen regional integration, but this will only happen if critical risks are addressed.