<h1>India to Review Bilateral Investment Agreements After Arbitration Award Involving Australian Firm and Coal India Ltd.</h1> The Government of India has signed Bilateral Investment Promotion and Protection Agreements (BIPAs) with 82 countries, with 72 currently in effect. Following an arbitration award involving an Australian company and Coal India Ltd, which resulted in a payment of AUD 9,812,077 to the investor, India plans to review its model BIPA text. This decision was disclosed by a government official in a written statement to the Lok Sabha. The list of countries with active BIPAs includes the United Kingdom, Germany, Australia, and many others across Europe, Asia, Africa, and the Americas.