Foreign Direct Investment International Arbitration Moot
NALSAR University of Law Wins 2023 Final
NALSAR University of Law prevailed over Law Centre 1, University of Delhi in the final of the 2023 FDI Moot. NALSAR University of Law will receive a cash prize of US$1500 sponsored by APS Law Chambers.
The match was heard by Vera Bykova (presiding), Steven Finizio, and Dipen Sabharwal at Ram Manohar Lohiya National Law University Sunday 5 November. Third place was taken by Universitas Diponegoro over the National University of Singapore.
In addition, the Universitas Diponegoro was adjudged the “Highest Ranked” team (combined memorial scores and group phase oralist scores) and will receive a US$1500 cash prize sponsored by Maxwell Chambers.
National and Kapodistrian University of Athens submitted the best memorial for claimant (2nd Universitas Diponegoro, 3rd Taras Shevchenko National University of Kyiv). NALSAR University of Law submitted the best memorial for respondent (2nd Universitas Diponegoro, 3rd Peking University School of Transnational Law). Our media partner, TDM (Transnational Dispute Management), kindly publishes these at the end of the year.
Nishooldran Ravindran (University of Malaya) and Martin Rozka (Charles University) were ex aequo awarded the Thomas Wälde Best Advocate Award and received a cash prize of US$500 sponsored by APS Law Chambers. The best female advocate of the group phase was Palak Kumar (National Law School of India University) who was awarded a US$500 cash prize US$500 sponsored by APS Law Chambers. The best advocate of the final was Saranya Ravindran (NALSAR University of Law) also being awarded a US$500 cash prize sponsored by APS Law Chambers.
Overall, 55 teams from around the world advanced to the Global rounds; with 14 participating in the virtual group phase 27-28 October.
Increasing international investment, the proliferation of international investment treaties, domestic legislation, and international investment contracts have contributed to the development of a new field of international law that defines obligations between host States and foreign investors and refers to internationalised procedures (e.g. ICSID) for resolving related disputes. These disputes involve not only vast sums, but also a panoply of rights, duties, and shifting objectives at the juncture of national and international law and policy. The FDI Moot helps future lawyers attain a practical understanding of these issues. The case and hearings offer a unique forum for academics and practitioners from around the world to discuss developments - and assess emerging talents.
What characterises the FDI Moot? It's about arbitration - so like the Vis? It involves public international law – so like the Jessup? Well, while we agree that the FDI Moot unites some characteristics of these renowned competitions, FDI Moot also introduces other aspects of international dispute resolution and business law, like foreign investment(duh!), corporate structures & procedures, licensing, environmental law, IP, damages,... The FDI Moot also has some special features – its Globals are in November and the Global venue rotates among major world dispute resolution centres. Teams compete under aliases to avoid (perceived) biases in favour of (or against) famous universities. And of course our competitors and arbitrators are the BEST :-)
The FDI Moot spans approximately four months each year in two phases, written memorials for claimant and respondent due in September and the oral hearings in late-October/early-November. Regional or national rounds (Africa, Asia Pacific, South Asia, China, Vietnam, ...) in July and August may precede these, and several pre moots (non-competive practice) are held in late-September and October.