[The following announcement comes to us from the Student Initiative to Promote Legal Awareness (SIPLA), at the National Law School, Bangalore]
The Research Panel on International Investment Law and Policy, under the aegis of the Student Initiative to Promote Legal Awareness, at the National Law School, Bangalore has recently concluded a study of possible claims in an investment arbitration between Vodafone and India, under the Netherlands-India Bilateral Investment Treaty (notice of dispute released by Vodafone may be found here).
Broadly, Vodafone has questioned the validity of the retrospective amendment to the Income Tax Act, 1961, an amendment that has fuelled great political controversy. The lack of clarity on India’s obligations under the Bilateral Investment Treaty has led to great confusion in legal and business circles. This report operates to fill that void by providing a detailed account of possible claims in the arbitration, and their possible treatment by an arbitral tribunal.
The Student Initiative hopes that this report contributes to greater discussion within the legal and business community, and helps contextualize this intriguing area of law; one that has come to be of great significance for India.
The report may be downloaded here.