What good are BITs? Payouts on account of BITs are like insurance payments that undergird foreign investment
Many of us in India are irritated when the country’s state agencies lose cases, and large penalties have to be paid on account of Bilateral Investment Treaties (BITs). But from India’s viewpoint, it is efficient to enter into BITs. As India is at an early stage of development, foreign investors face a certain risk of expropriation, and …
