The Tribunal’s finding indicates the importance of how “investment” is
defined in investment treaties. As is clear from the decision, a broad
definition can be interpreted to cover a wide range of activities and
expenditures made by investors, including, in this instance, a contract for
services under which Pakistan (state) had hired SGS (claimant) for a period
of time. is has important implications for the scope of investment
agreements and host states’ obligations under those agreements.