By restraining a foreign investor from pursuing a claim under a bilateral investment treaty (BIT), the Delhi high court is coming in way of India’s accountability being tested under international law.
UK-based Cairn Energy Plc has increased its compensation claim by $249 million in the retrospective dispute case after the income tax department adjusted tax refund due to the oil explorer towards settlement of its tax liabilities.
The ICSID designated the team that will hear Shell Philippines Exploration B.V.’s arbitration case against the Philippine government on Malampaya gas project’s corporate income tax issue.
L’Etat tunisiens a intérêt à négocier et à accepter une solution à l’amiable de son litige avec l’ABCI à propos de la BFT. Car le verdict du Cirdi risque d’être financièrement douloureux.
The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.
Allegations of corruption and criminal activity have been used increasingly in recent years in French courts to argue for the setting aside of arbitral awards on the grounds of a breach of international public policy.
Vodafone Group Plc has served its second notice on the Indian government to formally commence thesecond arbitration in the high profile Rs 22,000 crore tax matter.
An international arbitration panel has rejected India’s demand for a stay on an arbitration initiated by Cairn Energy against Rs10,247 crore retrospective tax notice.