The report of the Standing Committee on External Affairs on ‘India and bilateral investment treaties (BITs)’ was presented to Parliament last month. This report is momentous as it comes a decade after India lost the first investment treaty claim in 2011 (White Industries v. India). The loss in this case was perceived as an ominous sign. It became a watershed moment for India and transformed the trajectory of India’s BIT landscape triggering sweeping changes such as unilateral termination of these treaties. (Read More)
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