Currently, India is entangled in more than 20 international arbitration cases, and could end up paying billions of dollars in damages if it loses. Photo: MintNew Delhi: Having cancelled investment treaties with about 50 foreign governments in 2017, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, people familiar with the talks said. Currently, India is entangled in more than 20 international arbitration cases, and could end up paying billions of dollars in damages if it loses. Meantime, some countries, especially those that receive more investment from India than they send, are more open to signing, said the first person. For now, the draft model treaty is a starting point for negotiations, the second person said, but India is in a good position to press for better terms.

Source: Mint January 19, 2018 07:41 UTC