India and Bilateral Investment Treaties

India and Bilateral Investment Treaties PDF

Author: Prabhash Ranjan

Publisher: Oxford University Press

Published: 2019-04-24

Total Pages: 414

ISBN-13: 0199097070

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As a consequence of being sued by more than 20 foreign investors, India terminated close to 60 investment treaties and adopted a new Model Bilateral Investment Treaty (BIT) purportedly to balance investment protection with the host State’s right to regulate. This book is a critical study of India’s approach towards BITs and traces their origin, evolution, and the current state of play. It does so by locating them in India’s economic policy in general and policy towards foreign investment in particular. India’s approach towards BITs and policy towards foreign investment were consistent with each other in the periods of economic nationalism (1947–1990) and economic liberalism (1991–2010). However, post 2010, India’s approach to BITs has become protectionist while India’s foreign investment policy continues to be liberal. To balance investment protection with the State’s right to regulate, India needs to evolve its BIT practice based on the twin framework of international rule of law and embedded liberalism.

India and Bilateral Investment Treaties -- A Changing Landscape

India and Bilateral Investment Treaties -- A Changing Landscape PDF

Author: Prabhash Ranjan

Publisher:

Published: 2016

Total Pages:

ISBN-13:

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This article examines the origin, evolution and current status of the Indian Bilateral Investment Treaty (BIT) programme. India launched its BITs programme in 1994 as part of its overall strategy of economic liberalization. To date, India has entered into more than 80 BITs. However, India's BIT programme didn't receive much attention until recently when numerous foreign investors brought BIT claims against India challenging various regulatory measures such as cancellation of telecom licences and imposition of retrospective taxes. This sudden gush of BIT claims has put the focus on India's BIT programme. It has triggered concerns about Indian BITs not balancing investment protection with India's regulatory power, thus compelling India to re-think its BIT programme.

The Indian Model Bilateral Investment Treaty

The Indian Model Bilateral Investment Treaty PDF

Author: K. Rajaraman

Publisher:

Published: 2016

Total Pages: 25

ISBN-13:

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The paper analyses the evolution of India's Bilateral Investment Treaty (BIT) policy in terms of continuity and change over time, in tune with the changing domestic and international investment regimes. On the drafting of India's new model BIT, the paper explains why the Indian authorities pursued a realistic approach to find a “middle path” between investment protection standards and the legitimate right of governments to regulate economic activity in the public interest. The authors explain the underlying rationale behind the substantive and procedural changes made in the new Indian model BIT. The authors view the review of the model treaty is merely one more contribution to changing the system of investment treaties worldwide with the next challenge being to overhaul the large number of India's existing BITs to bring them in line with the renewed approach and integrate the trade and investment regimes towards a common agenda.

India’s Bilateral Investment Treaties 2.0

India’s Bilateral Investment Treaties 2.0 PDF

Author: James J. Nedumpara

Publisher: Springer

Published: 2024-08-02

Total Pages: 0

ISBN-13: 9789819734009

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The book provides a deep and insightful enquiry into a set of persistent questions about investment treaties, including the causal relationship between investment treaties and investment, and their role in emerging economies such as India. It is innovative and pathbreaking as it distils past practices and experiences of investment treaties, from local and global perspectives, and seeks to sketch a template that could mark the next generation of bilateral investment treaties (BITs) for emerging economies, including India. The book provides an authoritative account of whether the investment community accords importance to the existence of investment treaties while taking investment decisions, based on cross-country ethnographic research involving some of the key stakeholders drawn from foreign investor community, academicians, leading practitioners and key policy makers. Among other topics, it discusses potential evolution of investment treaties and how next generation treaties should look like, drawing lessons from past experiences, current practices and most importantly, the outlook for India in its next stage of development. The book is very useful for academic community studying international investment law (IIA). Domestic and international practitioners of law will find the book a must read as the topic is emerging as a vibrant field of practice and consulting, and the volume focuses on some of the most debated areas in IIA. The book contains interest areas for policy makers, especially those who work in the field of commerce and economic diplomacy. It is also immensely useful to treaty negotiators and professionals that actively assist and advise negotiating teams of BITs and other investment disciplines which are part of trade agreements.

International Investment Treaties and Arbitration Across Asia

International Investment Treaties and Arbitration Across Asia PDF

Author: Julien Chaisse

Publisher: BRILL

Published: 2017-12-18

Total Pages: 725

ISBN-13: 9004360107

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International Investment Treaties and Arbitration Across Asia brings together leading academics and practitioners to examine whether and how the Asian region has or may become a significant ‘rule maker’ in contemporary international investment law and dispute resolution. The editors introduce FDI trends and regulations, investment treaties and arbitration across Asia. Authors add country studies for the ten member states of the Association of Southeast Asian Nations as well as an overview of ASEAN treaties, or examine other potential ‘middle powers’ (Korea, Australia and New Zealand collectively) and the emerging ‘big players’ (China, Japan and India). Two early chapters present econometric studies of treaty impact on FDI flows, in aggregate as well as for Thailand, while two concluding chapters offer other normative and forward-looking perspectives.

The Political Economy of the Investment Treaty Regime

The Political Economy of the Investment Treaty Regime PDF

Author: Jonathan Bonnitcha

Publisher: Oxford University Press

Published: 2017

Total Pages: 354

ISBN-13: 019871954X

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Investment treaties are some of the most controversial instruments of global economic governance. This book integrates legal, economic, and political perspectives to offer the first comprehensive analysis of the political economy of the investment treaty regime, and contextualises the investment treaty regime in its broader socio-economic context.