An UNCITRAL arbitral tribunal has reportedly dismissed a US$36 million claim by a French investor, Louis Dreyfus Armateurs SAS (“LDA“), against India under the 1997 France-India bilateral investment treaty (“BIT“). The award is not public at this time, but press reports state that LDA has also been ordered to pay approximately US$7 million in respect … Read more
Monday 7 July 2014 9.30am BST It has been a time of change for the investment climate in India – driven in large part by recent and very significant changes in the political climate in India, changing attitude of the Indian courts and an increasing willingness of foreign investors to take on the Indian state. … Read more
Supreme Court of India delivers landmark arbitration decision in Bharat Aluminium, overruling Bhatia International The controversial decision of the Indian Supreme Court in Bhatia International v Bulk Trading SA has been overruled by the Indian Supreme Court, paving the way for reduced court intervention in arbitration seated outside of India. In Bhatia International, the court … Read more
