💨 Abstract

India has reduced the local remedies exhaustion period for UAE investors from five to three years under the newly enforced Bilateral Investment Treaty (BIT) signed in February. The treaty includes portfolio investments and aims to provide comfort to investors, with provisions for investor-state dispute settlement through arbitration. The treaty also includes protections for investments from expropriation, transparency, and compensation for losses, among other provisions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖