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Foreign investors baulk as Modi govt gets tougher on treaty terms

From New Delhi's perspective those treaties, mainly struck in the 1990s when it was desperate for foreign capital, left it too exposed to potential claims awarded by international arbitrators

Reuters  |  NEW DELHI 

Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said. From New Delhi's perspective those treaties, mainly struck in the 1990s when it was desperate for foreign capital, left it too exposed to potential claims awarded by international arbitrators. To reduce that exposure, India has drafted a new model agreement that legal advisors say is similar to those used by other big emerging market ...

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First Published: Fri, January 19 2018. 12:05 IST
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