INVESTMENT TREATIES LANGUAGES ON INTELLECTUAL PROPERTY RIGHTS: A COMPARATIVE STUDY OF THE REPUBLIC OF KOREA'S BITS AND RUSSIAN FEDERATION'S BITS

Abstract

Today, intellectual property is one of the most important types of investment and has been considered in many investment agreements. The Republic of Korea (ROK) and the Russian Federation (RF) have paid attention to intellectual property in their investment agreements. However, the current languages to the intellectual property remain ambiguous. Purpose: In this paper, we intend to examine the current languages to the intellectual property rights in the bilateral investment treaties of the ROK and the RF. Hence, the paper focuses on the fundamental question, namely, what are the languages to the intellectual property rights in the BITs? Methods: general scientific methods of theoretical knowledge, as well as general logical methods and research techniques are used in analyzing the Bilateral Investment Treaties (BITs) of the mentioned states. Results: Finally, we concluded that both states have adopted two absolute and conditional languages to the intellectual property rights, and the comprehensive language is the conditional one.