The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
It is likely that the Antrix case — which could see the Government of India paying $1 billion if it loses — would have had a different outcome had the new model BIT been at issue.
Le gouvernement mauricien a entamé la préparation de sa défense dans l’affaire qui l’oppose à Rawat qui estime avoir été « illégalement » exproprié de ses biens.
In exchange for $160 million in compensation for its equity and contractor claims, Bechtel agreed to forgo international arbitration over the expropriation of its investment.
Two minority investors in India’s largest foreign investment, the ill-starred Dabhol Power Plant, have launched a bilateral investment treaty (BIT) claim against India in an effort to recoup their losses related to the plant.