According to an international arbitration tribunal, GOI’s monetary claim from Vodafone was a breach of ‘fair and equitable treatment’ protections as per Art 4(1) of the Bilateral Investment Treaty between India and the Netherland. This is a big victory for Vodafone and India must learn from it otherwise in future, such incidence will undermine overseas investors’ faith in India’s commitment to international treaties and the rule of law.
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