Kosovo has made significant efforts toward building a successful legal framework for protecting foreign

investments. Kosovo became a party to the International Centre for Settlement of Investment Disputes

(“ICSID”) convention in 2009; has passed a number of domestic laws and regulations promoting foreign

investments; has signed and ratified various bilateral investment treaties (“BIT”); and has passed a

domestic arbitration law that is largely based on the UNCITRAL Model Law. In little more than a decade

of state-building, Kosovo has clearly recognized the importance of foreign direct investments for

developing its emerging economy.