How Indian courts are protecting investors and their right to sue the government
Updated : June 01, 2018 07:14 AM IST
India’s vulnerability to investment treaty disputes has become increasingly prevalent since the government lost the dispute to White Industries under the India-Australia Bilateral Investment Treaty.
The central government has recently been criticised for terminating close to 58 BITs, including the one with the UK, but the rights of investors under these treaties however survive for several years under the terms of the respective treaties.
The Delhi High Court’s ruling in favour of Vodafone is another well-reasoned, important and positive step which signals that courts in India will not arbitrarily restrain the rights of investors under agreements that are entered into by the government.
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