{"title":"Chapter 19: Investor State Dispute Settlement in the 2016 Indian Model Bilateral Investment Treaty: Does it Go Too Far?","authors":"Prabhash Ranjan, Pushkar Anand","doi":"10.1163/9789004360105_020","DOIUrl":"https://doi.org/10.1163/9789004360105_020","url":null,"abstract":"After being hit recently by many ISDS claims under different BITs, including one by Australian investors challenging delays in its legal system, India adopted a new Model BIT 2016 to guide negotiations which ostensibly balances the rights of foreign investors with the host State’s right to regulate. This chapter will critically discuss the ISDS provisions in India’s new Model BIT to show that it tilts the balance in favour of the host State by making it very difficult for foreign investors to bring ISDS claims against a host State. The chapter will discuss key issues pertaining to provisions dealing with the jurisdiction of ISDS tribunals, the requirement to exhaust local remedies by foreign investors for at least five years, transparency of the ISDS process, appointment of arbitrators, questions related to standard of review and governing law, and proposals for an appellate mechanism. The chapter will also contrast the ISDS provisions in India’s Model BIT with the ISDS provisions present in the ASEAN-India investment agreement, which was signed almost at the same time when India was still working towards its model BIT. The chapter argues that the ISDS provisions in the ASEAN-India investment agreement provide a much better balance between the rights of foreign investors and host State’s right to regulate. Given also that India is emerging as a major capital-exporting country, India could consider amending the ISDS provisions in the model BIT and use instead the ISDS provision in the ASEAN-India investment agreement as the template for negotiating future treaties and as it reviews its older ones.","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126643103","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 12: International Investment Arbitration in Laos: Large Issues for a Small State","authors":"C. Chance","doi":"10.1163/9789004360105_013","DOIUrl":"https://doi.org/10.1163/9789004360105_013","url":null,"abstract":"Laos is no stranger to international investment arbitration. Despite its status as one of Southeast Asia’s least developed countries, it has had an Investment Law for more than two decades and is also a party to several bilateral and Association of South East Asian Nations (ASEAN)-related investment agreements. More recently, two investment treaty claims have been made against it, one of which has given rise to an award challenge that went all the way to Singapore’s highest court. This article will examine the history, evolution and current iteration of Laos’ relationship with international investment law and focus on the two investment treaty claims instituted against Laos. The article concludes with an appraisal of Laos’ need to maintain its investment treaty programme, despite the difficulties that may have arisen as a result of it being a respondent in investment treaty arbitrations.","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124486369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 4: International Investment Arbitration in Thailand: Limiting Contract-based Claims While Maintaining Treaty-based isds","authors":"L. Nottage, Sakda Thanitcul","doi":"10.1163/9789004360105_005","DOIUrl":"https://doi.org/10.1163/9789004360105_005","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124204682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 11: International Investment Arbitration in Myanmar: Bounded Rationality, but Not as We Know It","authors":"J. Bonnitcha","doi":"10.1163/9789004360105_012","DOIUrl":"https://doi.org/10.1163/9789004360105_012","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122951714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 8: fdi in the Philippines and the Pitfalls of Economic Nationalism","authors":"Anselmo Reyes","doi":"10.1163/9789004360105_009","DOIUrl":"https://doi.org/10.1163/9789004360105_009","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"10 8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115587895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 5: The Termination of Indonesia’s bits: Changing the Bathwater, but Keeping the Baby?","authors":"A. Crockett","doi":"10.1163/9789004360105_006","DOIUrl":"https://doi.org/10.1163/9789004360105_006","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128241674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 3: Do Investment Treaties Work – In the Land of Smiles?","authors":"J. Yackee","doi":"10.1163/9789004360105_004","DOIUrl":"https://doi.org/10.1163/9789004360105_004","url":null,"abstract":"International Investment Treaties and Arbitration Across Asia examines whether and how the Asian region has or may become a significant ‘rule maker’ in contemporary international investment law and dispute resolution, focusing on the ‘ASEAN+6’ economies.","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116920823","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 13: International Investment Policy for Small States: The Case of Brunei","authors":"B. Jetin, J. Chaisse","doi":"10.1163/9789004360105_014","DOIUrl":"https://doi.org/10.1163/9789004360105_014","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115434577","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 6: The European Union’s Free Trade Agreement with Singapore – One Step Forward, 28 Steps Back?","authors":"Mahdev Mohan","doi":"10.1163/9789004360105_007","DOIUrl":"https://doi.org/10.1163/9789004360105_007","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128730839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Chapter 9: International Investment Dispute Resolution in Vietnam: Opportunities and Challenges","authors":"Nguyen Manh Dzung, Nguyen Thi Mai Trang","doi":"10.1163/9789004360105_010","DOIUrl":"https://doi.org/10.1163/9789004360105_010","url":null,"abstract":"","PeriodicalId":110842,"journal":{"name":"International Investment Treaties and Arbitration Across Asia","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126908208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}