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As the world’s borders become more fluid and business is routinely conducted on a global scale, lawyers in Canada are keeping a close eye on changes in international investment law and their potential impact here.

Bilateral investment treaties (BITs) are one area where change has been marked. “There has been an explosion in international treaties. There are more than 3,000 now,” said Debra Steger, a law professor at the University of Ottawa.

The scope of these agreements has also increased. More often, these treaties contain “pre-establishment” provisions that grant investors protections, said Greg Kanargelidis, a partner with Blake Cassels & Graydon in...

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