By restraining a foreign investor from pursuing a claim under a bilateral investment treaty (BIT), the Delhi high court is coming in way of India’s accountability being tested under international law.
India’s opaque approach and practice to BITs undermines the right of ordinary citizens to be informed about these critical issues
India was one of the most sued countries in 2015. Will the country’s new model bilateral investment treaty attract and safeguard foreign investment more effectively?
India’s approach to biltateral investment treaties is very difficult to reconcile with the current government’s efforts to woo foreign investment either as part of ‘Make in India’ or ‘Digital India’.
India is seeking to terminate BITs signed with 57 countries and sign joint interpretative statements with the other 25 treaty states – all an outcome of the country’s new model BIT.
Pricked after being sued by foreign investors under different bilateral investment treaties (BIT), India has adopted a new model. But it could impact the ongoing India-US BIT negotiations.