Herbert Smith Freehills review a decision from an UNCITRAL arbitral tribunal, which has reportedly dismissed a US$36 million claim by a French investor against India under the 1997 France-India bilateral investment treaty. While the award is not public at this time, the firm notes that LDA has been ordered to pay approximately US$7 million in respect of India’s substantial legal expenses.
About Phillip Rompotis
Phillip practices as a barrister and arbitrator in Hong Kong. He has over 25 years’ litigation and arbitration experience in commercial disputes relating to construction & engineering, financial services, joint venture & shareholders agreements, technology, trusts, property and landlord & tenant. He is a Fellow of the Chartered Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.View