Falling to BITs: the Eli Lilly and Philip Morris Cases
Jane Lambert In anticipation of our departure from the European Union. Her Majesty's government and businesses in the United Kingdom have been exploring the possibility of developing new markets for British goods and services overseas. Only this week, the Prime Minister visited Saudi Arabia and Jordan (see Prime Minister's visit to Saudi Arabia and Jordan: April 2017 4 April 2017 HMG's website) and the Chancellor of the Exchequer was in India as part of the 9th UK-India Economic and Financial Dialogue (see UK-India economic and trade relations to take centre stage on two-day visit 4 April 2017 HMG's website). One of the advantages of trading within the EU is that the legal systems of the member states have been harmonized over the years and supplemented with a growing body of Union law. This is as true of intellectual property as of everything else with the result that the legal protection of intellectual assets in any of the...