The recent law commission report critical of many provisions in the proposed Bilateral Investment Treaty (BIT) may not lead to any changes in the Cabinet note on the treaty expected to come up for clearance later this month.
The report, which was submitted to Law Minister Sadananda Gowda on August 27, says the proposed BIT has provisions which can be seen as having an 'anti-investor bias' and which defeat the purpose of having a bilateral treaty itself.
Among its toughest proposals, the BIT says that international tribunals would not have jurisdiction to re-examine any legal issue settled by, or review judgements of, an Indian judicial authority.
