A BIT to review

News Today 11.01.20222

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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