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U.S. Initiates Arbitration Against India over OPIC Claims for the Dabhol Power Project

Published online by Cambridge University Press:  10 March 2017

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Abstract

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Type
Contemporary Practice of the United States Relating to International Law
Information
American Journal of International Law , Volume 99 , Issue 1 , January 2005 , pp. 271 - 272
Copyright
Copyright © American Society of International Law 2005

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References

1 22U.S.C. §2191 (2000).

2 Investment Incentive Agreement, Nov. 19, 1997, U.S.-India (entered into force Apr. 16, 1998).

3 The Request is available at <http://www.opic.gov/FOIA/Awards/GOIl10804.pdf>.

4 OPIC delayed paying the Bank of America, Bechtel, Enron, and General Electric claims until Bechtel and GE had obtained a decision from a distinguished American Arbitration Association panel that reviewed the facts and concluded that the concerted acts of the Indian government effectively destroyed the investment in breach of international law. The award is available at <http://www.opic.gov/FOIA/Awards/2294171_l.pdf>.