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India and Bilateral Investment TreatiesRefusal, Acceptance, Backlash$
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Prabhash Ranjan

Print publication date: 2019

Print ISBN-13: 9780199493746

Published to Oxford Scholarship Online: August 2019

DOI: 10.1093/oso/9780199493746.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 November 2020

India’s BITs

India’s BITs

Mapping the Acceptance—I

Chapter:
(p.142) 4 India’s BITs
Source:
India and Bilateral Investment Treaties
Author(s):

Prabhash Ranjan

Publisher:
Oxford University Press
DOI:10.1093/oso/9780199493746.003.0004

This chapter studies in detail the international law on foreign investment that India has accepted to be bound in the embracement phase. In this regard, the chapter studies the following provisions contained in India’s BITs and FTA investment chapters: definition of investment, which is an important jurisdictional provision; fair and equitable treatment; most favoured nation treatment; and full protection and security. The aforesaid provisions are common to all Indian BITs and FTA investment chapters. The chapter shows that many of the treaty provisions are broadly worded. In order to better understand the import of the language of these provisions, they will be situated within the broader jurisprudence of the ISDS. Depending on arbitral discretion, these broad and vaguely worded provisions are capable of interpretation that gives precedence to investment protection over the host state’s sovereign regulatory power, instead of striking a balance between the two.

Keywords:   definition of investment, fair and equitable treatment, most favoured nation, full protection and security

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