The degree of transparency to be afforded to Investor State Dispute Settlements (ISDS) arising from the proposed Transatlantic Trade and Investment Partnership (TTIP) is currently exercising the EU parliament.
Entries in arbitration (3)
An interesting aspect of the dispute that has arisen between AgustaWestland and the Indian government for the supply of 12 helicopters is the status of the arbitration agreement.
As the FCPA Blog has reported, the Indian government has rejected AgustaWestland's contentions that the contract cannot be terminated until the conclusion of arbitration on the grounds that integrity-related issues are not subject to such dispute resolution.
India’s emergence as the largest importer of weapons in the world has coincided with well-intentioned efforts to clean up a procurement process with a history of bribery problems.