Arbitration Award Under BIPA and CECA

Government of India had received an adverse arbitration award in the case of M/s White Industries Australia Limited Vs Republic of India UNCITRAL arbitration in Singapore under the India – Australia Bilateral Investment Protection Agreement. This tribunal award is available on the internet

(http://italaw.com/sites/default/files/case-documents/ita0906.pdf).

In relation to the arbitration award relating to M/s White Industries Australia Limited (WIAL), who was an awardee in the case, Coal India Ltd. paid Australian Dollar 98,12,077 to the investor. No other country is a party to the BIPA/CECA under the arbitration initiated.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Rajya Sabha today.