India seeks to terminate 57 investment treaties

18 July 2016

India is seeking to terminate 57 bilateral investment treaties (BITs) after the country introduced a new model at the end of last year.

India's new model BIT does retain investor-state dispute settlement (ISDS), but it limits the circumstances under which foreign investors can use the controversial mechanism and adds exemptions including economic, environmental and social measures. It also ensures that ISDS can only be used after local remedies in domestic courts have been exhausted. Read more here.