Home

International Investment and Trade Laws

Introduction

The Centre for International Investment and Trade Laws (CIITL), formerly known as the Centre for International Trade and Economic Laws, is a research Centre at the Jindal Global Law School. The vision of the Centre is to promote research, writing, and dialogue on international economic law, with a special emphasis on international investment and trade laws. As an emerging major power in the world, India not only needs to build a capacity in the area of international economic laws but also conduct research that may lead to better policy outcomes.

In this regard, the Centre will further research by initiating research projects on relevant and contemporary issues in these areas, as well as creating a regular and continuous working paper series. To further research collaboration and outreach, the Centre will be organizing regular conferences and workshops on various aspects of international economic law and undertake several capacity-building workshops/events. The Centre aims to work with several stakeholders such as law firms, researchers, academicians, civil society, and the industry.

Current Projects

Joint Research Project on “Sustainability Indicator” for International Investment Agreements with Macquarie University

To accelerate economic growth, States enter into International Investment Agreements for the purpose of attracting foreign investors. At times the sustainability of these investments becomes challenging owing to issues like inequality, human rights abuses, and environmental pollution. To address these impending issues, researchers at the Centre for Environmental Law (CEL) of Macquarie University and Centre for International Investment and Trade Law (CIITL) of Jindal Global Law School (JGLS) of OP Jindal Global University are collaborating to develop a “sustainability indicator” that may be applied to assess the sustainability of international investment agreements. The project will apply the sustainability indicator to all investment agreements (i.e., bilateral investment treaties and investment chapters in free trade agreements) negotiated by India and then develop concrete recommendations to the Indian government to balance often competing objectives of investor protection and encourage responsible investor conduct.

Publications

Books

  • Prabhash Ranjan, India and Investor State Dispute Settlement: Affronting Sovereignty or Indicting Capriciousness (Routledge: 2024) (182 + xviii pages)
  • Marc Bungenberg, Manjiao Chi, Sufian Jusoh, Prabhash Ranjan, Islambek Rustambekov (Eds) Asian Yearbook of International Economic Law, 2023 (Springer: 2023).

Journal Articles

  • Prabhash Ranjan, 'India and International Investment Law: Preserving, Delegating, and Reclaiming Sovereignty', 23 India Review, 2024 115-133.
  • Prabhash Ranjan, 'International Investment Law Regionalism in Asia: The Tale of South Asia' 31(2) Asia Pacific Law Review, 2023, 514-534.
  • Prabhash Ranjan, 'India-UK Investment Relations and Global Britain' 34(1) King's Law Journal, 2023, 120-144.
  • Prabhash Ranjan and Praharsh Gour, 'The TRIPS Waiver Decision at the World Trade Organization: Too Little Too Late!' 13(1) Asian Journal of International Law, 2023, 10-21.
  • Prabhash Ranjan, 'Russia-Ukraine War and WTO's National Security Exception', 58(2) Foreign Trade Review, 2023, 246-258.
  • Prabhash Ranjan, Investor-State Dispute Settlement and Tax Matters: Limitations on State's Sovereign Right to Tax, 31(1) Asia Pacific Law Review, 2023, 219-234.
  • Oiswarjya Basu, 'Lenders' approach towards Floating Charge as a Security Device: An English Law Perspective', Competition & Commercial Law Review, 2021
  • Oiswarjya Basu and Shatrunjay Bose, 'Cairn Moves to Seize Air India Assets to Recover Hefty Award against India: Worthwhile Choice or a Futile Exercise?', Kluwer Arbitration, 2021
  • Aveek Chakravarty, Challenges to the Assessment of Damages Claims Involving Crypto-Assets in Investment Arbitration, Global Jurist, 2020

Book Chapters

  • Prabhash Ranjan, 'Bilateral Investment Treaties and the Environment' in Philippe Cullet, Lovleen Bhullar and Sujith Koonan (Eds) The Oxford Handbook of Environmental and Natural Resources Law (Oxford University Press: 2024), 139-158.
  • Prabhash Ranjan, 'Corruption and Investment Treaty Arbitration in India' in Nobumichi Teramura, Bruno Jetin, and Luke Richard Nottage (Eds) Corruption and Illegality in Asian Investment Arbitration (Springer: 2024) 235-257.
  • Prabhash Ranjan, 'Intellectual Property and Investment Treaties: Comparing Newest Indian and Australian Treaty Practices' in Mathew John et al (Eds) The Indian Yearbook of Comparative Law 2020 (Springer: 2023), 199-215.
  • Prabhash Ranjan, 'The Impact of Investment Treaties on the Rule of Law in India' in Jansen Calamita and Ayelet Berman (Eds) Investment Treaties and the Rule of Law Promise: The Asian Experience (Cambridge University Press: 2022), 38-66.
  • Prabhash Ranjan, ISDS Transparency Provisions in the Indian Model BIT: A Half-Hearted Attempt? in Leila Choukroune and Rahul Donde (Eds) Adjudicating Global Business In and With India (Routledge: 2022), 75-91.
  • Prabhash Ranjan, 'Investor Obligations in India's New Bilateral Investment Treaties: Emergence of New Treaty Practice' in Manjiao Chi, Marc Bungenberg & Andrea K. Bjorklund (Eds) Asian Yearbook of International Economic Law (Springer: 2022), 89-108.

Op-Eds

  • Oiswarjya Basu, A Detailed Look at the Court of Arbitration for Sport and Its Rejection of Vinesh Phogat's Petition, The Quint, 17 August 2024
  • Prabhash Ranjan, Investment Lessons from India-EFTA Trade Deal, The Hindu, 13 May 2024;
  • Prabhash Ranjan, Reading the Fine Print of India-EFTA Trade Deal, The Hindustan Times, 29 March 2024;
  • WTO's Investment Facilitation Negotiations are not Illegal, The Hindu, 28 March 2024;
  • Prabhash Ranjan, The WTO is Having an Existential Crisis, The Indian Express, 26 March 2024;
  • Prabhash Ranjan, Budget Focus on BITs is Good for the Indian Economy, The Hindustan Times, 6 February 2024;
  • Prabhash Ranjan and R V Anuradha, How to Restore WTO's Authority, The Indian Express, 5 February 2024.

Meet the Team

Dr. Prabhash Ranjan

Co-Director

Dr. James J. Nedumpara

Co-Director

Dr. Aveek Chakravarty

Assistant Director

Dr. Pallavi Kishore

Senior Fellow

Avirup Bose

Senior Fellow

Oiswarjya Basu

Fellow

Ruby Panchal

Fellow

Bhawna Kataria

Fellow

Areas of Specialization

The Centre promotes discussion, research and scholarship in the field of international investment and trade laws

Past Events

Exploratory Workshop on ‘Sustainability of Investment Agreements: Case of India’ (5 November 2022)

On November 5, 2022, CIITL, in collaboration with Macquarie Law School, Macquarie University, organised a one-day exploratory workshop on ‘Sustainability of Investment Agreements: Case of India’. The workshop saw the participation of various stakeholders from the government, academia, law firms, and the industry. Mr. Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs, Government of India, delivered the key-note address. Professor Surya Deva from Macquarie University spoke about the project.

Other speakers included, Mr. Pranav Kumar (Reliance Industries); Professor James Nedumpara (Centre for International Trade and Investment Laws, IIFT); Mr. Tamal Mandal (Luthra and Luthra Law Offices); Ms Fereshte Sethna (DMD Advocates); Dr. Daniel Mathew (National Law University Delhi); Dr. Ajay Kumar Sharma (Faculty of Law, Delhi University); Ms. Ramya Raman (P&A Law Offices); Mr. George Pothan (Ministry of External Affairs); and Mr. Madhav Mallya (Jindal Global Law School).

Guest Lecture on “Basics of Investment Treaty Arbitration”

by Prof. Dr. Steffen Hindelang organised by Centre for Alternative Dispute Resolution in collaboration with Centre for International Investment and Trade Laws. He is a Professor at Uppsala University and an ICSID Arbitrator. The guest lecture is scheduled for the 27th of August from 4:30 to 5:30 PM.

Venue: Performing Arts Academy, Prithviraj Jindal Academic Block (T1), First Floor

Short bio of the speaker:

Steffen Hindelang is Professor of International Investment and Trade Law at Uppsala University in Sweden. He is also the Executive Director of the CELIS Institute, an independent, non-profit, non-partisan research enterprise dedicated to promoting better regulation of foreign investment in the context of security, public order and competitiveness. Steffen has advised the EU, European governments as well as companies on investment review regimes, international investment disputes, and international organisations on the reform of the current international investment law regime. He has been repeatedly invited by the European Parliament’s INTA Committee to prepare studies on the development of the EU’s Common Commercial Policy. He frequently acts as an expert advisor before international tribunals and national courts and has served as an ICSID arbitrator

Event Name: CIITL Lecture Series

Guest: Prof. (Dr.) B S Chimni, Distinguished Professor of International Law
Date and Time: 16th October 2024, 4-6 PM
Venue: Imaginarium, Ground Floor, Savitri Jindal Faculty Office Block

Description: Prof. (Dr.) B.S. Chimni delivered a lecture on the topic ‘Towards a Peoples Centered International and Economic Law: Impediments and Way Forward.’ The lecture focused on reimagining the international economic law system, which prioritizes the welfare and interests of people, rather than state-centric or corporate-driven agendas. Prof. (Dr.) Chimni critically examined the existing structures and frameworks of international economic law that often overlook marginalized communities, underdeveloped nations, and the global poor. The event was attended by academicians and students. The lecture was followed by a discussion amongst the attendees and the speaker. The discussion focused on various impediments to achieving a people-centered approach, such as entrenched power imbalances, economic globalization, and the influence of multinational corporations in shaping legal norms. The discussion further highlighted the need for reforming global economic institutions, promoting social justice, and ensuring that international law serves the broader goal of human dignity, equality, and sustainable development. 

Event Name: Book Discussion on ‘India and Investor-State Dispute Settlement: Affronting Sovereignty or Indicting Capriciousness?’ authored by Prabhash Ranjan

Guests:
Discussants:

  1. Prof. (Dr.) B.S. Chimni, Distinguished Professor of International Law, JGLS
  2. Prof. Abhijit Das, Former Head of Centre for WTO Studies, IIFT
  3. Ms. Niyati Gandhi, Partner, SAM & Co.
  4. Prof. (Dr.) Daniel Mathew, Associate Professor, NLU Delhi

Moderator:
Prof. Aakanksha Kumar

Date and Time: 23rd October 2024, 4-6 PM
Venue: Imaginarium, Ground Floor, Savitri Jindal Faculty Office Block

Description: The event was a book discussion on ‘India and Investor-State Dispute Settlement: Affronting Sovereignty or Indicting Capriciousness?’ authored by our Centre's Director, Prof. (Dr.) Prabhash Ranjan, and published by Routledge in 2024. The session featured an exceptional panel of experts in International Law, who explored the nuances of Investor-State Dispute Settlement (ISDS) and its implications for India's sovereignty and international legal relations. Our esteemed panelists, Prof. (Dr.) ChimniProf. Abhijit DasMs. Niyati Gandhi, and Prof. (Dr.) Daniel Mathew, shared their valuable insights, enriching the conversation with perspectives from academia and legal practice. Moderated by Prof. Aakanksha Kumar, the discussion highlighted key issues surrounding the challenges and opportunities India faces in navigating ISDS mechanisms, reflecting on the delicate balance between protecting national interests and fostering a favorable investment climate. The event was attended by academicians and students who actively engaged in the discussions, raising thoughtful questions and offering their perspectives on the subject matter.

Event Name: CIITL Lecture Series

Guest:
Speaker: Mr. Baiju Vasani, Barrister, Twenty Essex Chambers
Discussant: Prof. (Dr.) Prabhash Ranjan, Professor, JGLS
Moderator: Prof. Oiswarjya Basu, Assistant Professor, JGLS

Date and Time: 7th November 2024; 4-6PM
Venue: F57, Global Auditorium, Ratan Jindal Academic Block (T3)

Description: Mr. Baiju Vasani, Barrister from Twenty Essex and SOAS University of London, delivered a lecture on the topic, ‘Discontents of the ISDS System.’ During his lecture, Mr. Vasani emphasized the importance of retaining the current Bilateral Investment Treaty (BIT) system while advocating for much-needed reforms to address growing concerns surrounding transparency, bias, costs, etc., of the Investor-State Dispute Settlement (ISDS) mechanism. Drawing from his extensive experience in investment arbitration, Mr. Vasani explored how the system could be improved to better balance the interests of investors and host states, ensuring that it serves the global community more equitably. The session, chaired by Prof. (Dr.) Prabhash Ranjan, moderated by Prof. Oiswarjya Basu, was highly engaging, with participants gaining valuable insights into the evolving discourse on international investment law. 
Event Name: CIITL Lecture Series

Guest:
Speaker: Prof. (Dr.) Ylli Dautaj, Visiting Associate Professor, Penn State Law
Moderator: Prof. (Dr.) Prabhash Ranjan, Professor, JGLS

Date and Time: 6th March 2025; 4-6PM
Venue: Imaginarium, Ground Floor, Savitri Jindal Faculty Office Block

Description: Prof. (Dr.) Ylli Dautaj, Visiting Associate Professor at Penn State Law, delivered a lecture on the topic, ‘Legitimacy Crisis in Investment Arbitration’. In his talk, Prof. Dautaj explored various factors undermining the legitimacy of investment arbitration. He discussed that the frameworks of international investment laws are vital for creating a stable and predictable environment for global investment. The session was moderated by the Centre’s Director, Prof. (Dr.) Prabhash Ranjan, who guided the conversation and facilitated a thoughtful exchange of ideas. The session was attended by academicians and students, who engaged in a lively discussion with Prof. Dautaj. The interactive session allowed for a deeper exploration of the issues surrounding the legitimacy crisis in investment arbitration and the potential solutions to ensure its future sustainability. 

Contact Us

Email: citel@jgu.edu.in

Apply Now