In the middle of the twentieth century, countries in need of investment by citizens of other countries, and countries whose citizens had resources to invest and a willingness to invest in foreign enterprises, devised bilateral investment treaties (BITs) or traités bilatéraux d'investissement (TBIs) to protect the rights of foreign investors on terms the enterprises in need of investment could accept. (slaw.ca)
In late 2012, Ritchie Bros. became the first auction company to be granted wholly owned foreign enterprise status in China, paving the way for its first industrial equipment auction in Beijing. (canadianlawyermag.com)
These futures would be China's first such contract open to direct trading by foreign enterprises. (gfmag.com)