India's bilateral investment treaty framework
A revamped model bilateral investment treaty framework awaiting Cabinet approval aims to shorten the existing five-year litigation requirement and protect India's taxation and judicial sovereignty. India is close to concluding treaties with the UK, EU, Oman and Qatar.
Timeline
Friday, 25 September
- India close to concluding four BITs under updated treaty framework
India is close to concluding BITs with the UK, EU, Oman and Qatar
- India’s revised bilateral investment treaty framework keeps taxation outside its scope
The Cabinet is expected to consider the revised model BIT soon
- Cabinet to soon decide on new bilateral investment treaty template to ease dispute settlements
The proposed treaty template would substantially shorten the five-year mandatory litigation timeframe
- India unlikely to make major changes to foreign-investor dispute resolution
India is unlikely to make major changes to its bilateral investment treaty dispute-resolution framework
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