Investment protection is a broad economic term referring to any form of guarantee or insurance that investments made will not be lost, this may be through fraud or otherwise. For example, the Investment Protection Bureau is a New York State legal body which is charged, according to the New York State Securities Law (the Martin Act), to protect the public from fraud by monitoring and limiting investment. Most other protection is of this form, monitoring brokers and comparable individuals, and legally preventing them from misusing investment.
Investment protection treaties [Sometimes called as Bileteral Investments Protection and Promotion Agreements (BIPA)BITs); sometimes called as Investments Protection and Promotion Agreements (IPPA) are widely used in biletetal agreements between two states. A similar multiratal agreement has effective under Multilateral Investment Guarantee Agency (MIGA). There are some what 2500 BIPA amongst states.
BIPA and Nepal
On 21 October 2011, Nepal entered into BIPA with India in official visit of Prime-minister Dr. Baburam Bhattarai. Returning home, he faced political obstacles from own ruling party chauvinist wing. In the airport he faced black-flags welcome and tourchered in parliamentary meeting as well as in party meeting. Noone were known that Nepal already had another 5 BIPAs (Professional Studies Resources Developers, Nepal) since 1983.