Proceedings of the International scientific and practical conference ―Modern Research and Education‖ (May 2-4, 2026) / Publisher website: www.naukainfo.com. – Warsaw, Poland, 2026. - 523 p.

20 self-employment, and territorial development is of strategic importance. Particular attention should be paid to the possibility of attracting foreign capital to finance relevant initiatives. The system of international investment agreements and national investment regimes forms the legal environment within which capital movement occurs. This environment determines the permissible scope of actions of the actors involved, establishes guarantees of investors’ rights, and provides protection mechanisms. The legal nature of international investments is revealed through the lens of public international law, particularly through treaty mechanisms, as well as private international law, which ensures the unification of substantive and procedural rules regarding the legal status of investors. Historically, the development of international investment law has passed through several stages: from the protection of property through bilateral treaties on friendship, commerce, and navigation to the formation of a system of bilateral investment treaties with defined standards of protection. After World War II, an active process of codifying the relevant norms began in the form of international conventions and bilateral treaties, which laid the foundation for the modern system of foreign investment protection [1, pp. 526–528; 2, pp. 370–371]. A special role in the formation of the global investment regime was played by the political and economic processes of the second half of the twentieth century: decolonization, the crisis of protectionism legitimacy, the collapse of the socialist bloc, the formation of new independent states, and the liberalization of international trade. These changes contributed to the creation of national treatment regimes that encouraged investors to allocate capital in developing countries, particularly through guarantees of investment protection and the right to repatriate profits [3, p. 621]. The concept of "investment" in the legal sense has a multidimensional nature. According to the Law of Ukraine ―On the Regime of Foreign Investment,‖ investments are all types of assets invested by foreign investors in objects of investment activity [4]. The International Monetary Fund and the Organisation for