India is expected to renegotiate bilateral investment treaties to protect the country from foreign litigation . The Indian governments issued notifications earlier this means that new treaties must be agreed before the old ones expire . Changes mean that it will become more difficult for foreign investors to contest government decisions that have negative effects on their business in the country . Since 2012 , at least five countries , including Brazil , Indonesia , and South Africa , have begun to renegotiate investment protection agreements , believing that such treaties frequently undermine foreign countries ’ abilities to implement their own policies . Although India has actively sought foreign investment , in the past few decades the country has faced over a dozen lawsuits on issues such as retroactive taxation and cancelled licenses .
India is expected to renegotiate bilateral investment treaties to protect the country from foreign litigation. The Indian Government issued notifications earlier this year that new treaties must be agreed before the old ones expire. Changes mean that it will become more difficult for foreign investors to contest government decisions that have negative effects on their business in the country. Since 2012, at least 60 countries, including Brazil, Indonesia, and South Africa, have begun to renegotiate investment protection agreements, believing that such treaties frequently undermine developing countries’ abilities to manage their own policies. Although India has actively sought foreign investment, in the past five years the country has faced over a dozen lawsuits on issues such as retroactive taxation and cancelled licenses.