- Lack of proper dispute mechanisms in India is deterring many foreign investors despite the change in business climate.
- Investors want the govt to set up an independent tribunals to expeditiously settle disputes pertaining to India, before having to knock for justice at jurisdictions outside India.
- If the parties decide to settle the matter by foreign law, the tribunal should adjudicate the matter in India while applying to the agreed foreign law.
- This will boost investor confidence as there have been several reports of Indian counterparts filing case against the foreign partners solely with the purpose of harassing them.
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