most favoured nation treatment
(MFN treatment) The situation in which a state promises, usually by treaty, to trade with a particular partner on the most favourable tariff terms available for like goods. There might, for example, be a policy in place of taxing the MFN nation’s imports at a preferential rate.

A most favoured nation clause (MFN clause) is a clause in a bilateral investment treaty that prohibits the host state from treating an investor from the other signatory state less favourably than any other foreign investor or a domestic investor. As a consequence, the investor may be able to take advantage of more favourable provisions found in bilateral treaties between the host state and other states (Asian Agricultural Products Ltd v Sri Lanka ICSID Case No ARB/87/3 (1990)).

• heritage property
• Her Majesty’s Stationery Office
• HHSRS
• high contracting parties
• High Court Enforcement Officer
• High Court of Justice
• high hedges
• high seas
• highway
• hijacking
• hire
• hire purchase
• historic buildings
• HMOs
• HM Procurator General
• HM Revenue and Customs
• HMSO
• holder
• holding company
• holding out
• holding over
• holdover relief
• holiday pay
• holograph
• Homelessness Reduction Act 2017