A season for arbitration

The government has to rethink the legislative framework for settling disputes with foreign investors so that the process becomes transparent and quick

August appears to be the month of international arbitration for the Indian government. Three high-profile arbitration cases are likely to keep the government extremely busy — two of them have already figured in the news and one will do so in the next couple of weeks. And each of them will have a lesson for the government on what it should be doing to enhance international investors’ confidence in the Indian governance system and improve the ease of doing business in India.

Last week, it came to light that Nissan Motor of Japan may soon settle a dispute with the Indian