Fresh investments by European companies in India and vice versa after April 1 won’t enjoy legal protection under any bilateral arrangement, as India has decided not to accede to requests by the European Union.
International Economic Law and Policy Blog | 22-Feb-2017
In the transition to its new approach to investor protection, India has sought to terminate its existing BITs with individual EU Members. Now the European Commission is pressuring India to extend those existing treaties.
A successful conclusion of FIPA will provide a much-needed cover for Canadian investments in India and vice versa, and is expected to be an important catalyst in translating the announcements into reality.
India, along with Brazil, Argentina and some other nations, has rejected an informal attempt by the European Union and Canada to work towards a global investment agreement that would incorporate a contentious ISDS mechanism.
La multinacional Gas Natural Fenosa solicitó hoy el inicio del procedimiento arbitral ante el Tribunal de la Comisión de las Naciones Unidas para el Derecho Mercantil Internacional (Uncitral) para reclamar a Colombia más de 1.000 millones de dólares por la liquidación de Electricaribe.