BIT 4

Decoding India’s New Model BIT (IV)

By Kavaljit Singh | Commentary | August 21, 2015

India’s new model BIT contains binding obligations on investors concerning their conduct in the host state. The mandatory obligations on investors and home state were completely missing in the existing model as well as previously concluded BITs by India. This is a new approach adopted by India to address the balance of rights and…

Greek Bailout

Will the Greek Bailout Deal Work?

By Kavaljit Singh | Commentary | August 4, 2015

On Monday (August 3) when the Athens Stock Exchange reopened after a five-week shutdown, the share price index plunged by more than 23 percent in early trading. The banking index covering Greece’s biggest banks witnessed the largest decline, down to its 30 percent daily limit. This was the worst stock market bloodbath in decades…

greece referendum

The Greeks Have Spoken: What Happens Next?

By Kavaljit Singh | Commentary | July 7, 2015

The Greek citizens have delivered a resounding ‘No’ to bailout conditions demanded by creditors in a referendum held on 5th July. The referendum was announced by Greece’s Prime Minister, Alexis Tsipras, on 27th June after bailout talks with the creditors failed. The referendum asked voters to decide “whether to accept the outline of the…

Greek debt criis

The Never Ending Saga of Greece’s Debt Crisis

By Kavaljit Singh | Commentary | July 2, 2015

The Greek debt crisis saga continues with no resolution in sight. As expected, the European leaders rejected a last-minute proposal by Alexis Tsipras, Prime Minister of Greece, requesting an extension of bailout program that expired on 30th June and seeking a new €29.1 billion bailout package that could have covered country’s debt obligations over…

Investment III

Decoding India’s New Model BIT (III)

By Kavaljit Singh | Commentary | June 16, 2015

The concept of expropriation has always been, and continues to be, a controversial issue in international investments. In particular, most problematic is the interpretation of the concept of “indirect expropriation” which has been widely used by international investors to challenge a wider range of regulatory measures on health, environment and public safety that infringe…