New Delhi won’t not take additional commitment on intellectual property rights beyond the TRIPS agreement it has already accepted at the WTO; investor-state dispute settlement (ISDS) mechanism only for limited sectors.
The tribunal, headed by Sir Franklin Berman, will hear the government’s objection to tax matters being covered under the Netherlands-India Bilateral Investment Treaty.
A week after Japanese automaker Nissan hinted at the scope of an amicable solution, the Tamil Nadu government insisted that the Madras high court hear its plea to stall the international arbitration initiated by company.
The Madras High Court was told that the Tamil Nadu government was holding “talks” with Japanese automaker Nissan, predictably for an amicable settlement.
Under international arbitration proceedings the final hearing of Cairn’s claim under the UK-India Bilateral Investment Treaty is scheduled for August 2018 in The Hague.