Bilateral Investment Treaty / India

Tribunal Awards India First BIT Case Win, Dismissing French Investor Claims

- by Phillip Rompotis
Tribunal awards India first BIT case win, dismissing claims of French investor

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.

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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 Hong Kong Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.

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