a) the pre-establishment phase, i.e. the making of new investments, including the participation in existing enterprises, by foreign or non-resident investors;
b) the post-establishment phase, i.e. the conditions of operation in the host country for enterprises owned or controlled by non-established or non-resident investors.

в тексте также попадается "Pre-establishment rights", которые как я нашла в сети, то же, что и "rights of establishment" (из документа про The IISD Model International Agreement on Investment )

можно ли "pre-establishment phase" перевести как "этап (стадия) основания предприятия" ?

далее в тексте идет только "pre- and post-investment activities "

спасибо

трудности возникают с "pre(post)-establishment phase"

т.к. в тексте есть например такое -
"The expression ‘establishment, acquisition, and expansion’ refers overall to the pre-establishment activities of the foreign investment. The concept of ‘expansion’ of an investment along with its ‘establishment’ and ‘acquisition’ as a component of pre-investment activities, denotes a sort of bridging concept between ‘pre’ and ‘post’ activities. "

из чего можно заключить что ‘establishment’ - это "вливание бабла" в новое предприятие, в совокупности с "Pre-establishment rights (или "rights of establishment") , имхо, это establishment зд. "основание нового предприятия" в отличие от "acquisition, and expansion"