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case-study
Case Study: Saipem S.p.A. v. The People’s Republic of Bangladesh
In Saipem S.p.A. v. Bangladesh, ICSID ruled that judicial interference leading to loss of contractual rights is indirect expropriation. This case broadened protection for foreign investors under international investment law.
2025 · 5 min read
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Def.
Lex-O-Pedia
What is Novation of Contract?
Novation, under Section 62 of the Indian Contract Act, 1872, allows the substitution of an existing contract with a new one, either by altering terms or replacing parties. It discharges the original contract, creating fresh obligations through mutual consent of all parties involved.
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