Foreign companies affected by 2G verdict can invoke investment treaties The cancellation of the Unified Access Service Licence with 2G spectrum to telecom companies by the Supreme Court is celebrated as a triumph of the rule of law over jobbery and nepotism. Amidst this celebration, it is pertinent to understand the ramifications of the ruling. Since it affects foreign companies like Telenor of Norway, Sistema of Russia, and Etisalat of the...

The power of judicial review envelopes natural resource distribution The tsunami created by the 2G spectrum judgments of the the Supreme Court last week has almost mopped up the ripples they made in the legal sphere. However, they deserve respectful consideration for their discussion on two hot issues that have been agitating public mind in recent years. The first is the nature and ownership of natural resources, like air waves and spectrum,...

-The Hindustan Times Demographically, India is one of the youngest countries in the world, with over 50% of our population under 25 years of age. This young generation - with its thriving aspirations and new-found money power - was at its vocal best in 2011.  Anna Hazare may have led the anti-graft movement, but these net-savvy, slogan-chanting youth set Twitter and other social media abuzz and came out in vast numbers to...

-The Indian Express   SC is right that natural resources are held in public trust, but its comments on allocation are simplistic In its ruling in the 2G spectrum allocation case, the Supreme Court said that auctions were the best route for allocation of finite natural resources. “While transferring or alienating the natural resources, the State is duty bound to adopt the method of auction by giving wide publicity so that all eligible...

The Supreme Court verdict cancelling all the 122 telecom licences that jailed former telecom minister A Raja had issued to eight firms in 2008 has unexpectedly opened up a new window that can help the government earn up to Rs 75,000 crore. The revenue raised from the fresh auction of spectrum freed up after last week's SC ruling will come as a welcome relief for the government that has been struggling...