Strategic Infrasol and Thakur Family Trust v. India Strategic Infrasol Foodstuff LLC and The Joint Venture of Thakur Family Trust, UAE with Ace Hospitality Management DMCC, UAE v. India
United Arab Emirates
Investments in two real estate projects in Mumbai.
Claims arising out of the Government’s alleged non-investigation of allegations of forgery and criminal actions by the Indian construction company Shapoorji Pallonji Group. According to the claimants, the latter was initially the claimants’ co-developer of two real estate projects in Mumbai and then allegedly used forged documents to “maliciously” acquire control of the projects. Challenged measures also include the Government’s alleged seizure and confiscation of claimants’ bank deposits pursuant to a court order made against the claimants under money laundering legislation.
Tertiary: L - Real estate activities
68 - Real estate activities
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Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation

Full protection and security, or similar

Customary rules of international law
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