Live Breaking News & Updates on Sale Of Cairns Shares

Despite arbitration tug of war, mutual settlement is key
Updated:
Updated:
March 04, 2021 01:36 IST
Given increased FDI in India, it may not be conducive to weave a web of litigation, affecting stakeholders and exit routes
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Given increased FDI in India, it may not be conducive to weave a web of litigation, affecting stakeholders and exit routes
For the Indian foreign direct investment (FDI) landscape, the year 2020 may have been a welcome bag of enhanced equity inflows, bold policy changes and billion-dollar milestones. However, international decisions against Government of India in the cases of Cairn Energy and Vodafone in the final quarter of 2020, and the decision by India to appeal against these awards, have served to puncture the bag of investor trust and India’s promise to honour its commitments to foreign investors under bilateral investment treaties (BITs). ....

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