finance | banking | taxes
Business Standard | 19-Mar-2021
India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK’s Cairn Energy Plc USD 1.2 billion-plus interest and cost, but the challenge can only be on limited grounds such as procedure not being followed.
Times Now News | 9-Mar-2021
India will be filing an appeal at The Hague this week against the $1.4-billion arbitration award against British oil firm Cairn Energy.
Business Standard | 8-Mar-2021
Cairn said its shareholders expect the use of the company’s ’strong powers of enforcement’ to recover 1.4 billion.
UNCTAD | 3-Mar-2021
Most international investment agreements do not exclude taxation from their scope, which means that a wide range of tax-related measures are covered by them.
MRT | 3-Mar-2021
Canadian mining company First Majestic Silver Corp submitted a request for arbitration based on NAFTA, due to the tax debt and its differences with the Mexican government.
keywords:
Canada ,
finance | banking | taxes ,
investor-state disputes | ISDS ,
Mexico ,
mining ,
NAFTA | USMCA
Mint | 19-Feb-2021
The move signals the government’s resolve to defend its sovereign rights in taxation. The government has kept open possibility of settling the dispute within existing Indian laws.
Mint | 17-Feb-2021
Cairn Energy has filed a case in a US district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues.
Reuters | 3-Feb-2021
Six banks have agreed not to take legal action against Croatia over its conversion of Swiss franc loans into euros in 2015 at the lenders’ expense.
Business Today | 1-Feb-2021
For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout.
The Hindu | 27-Jan-2021
UK-based Cairn Energy Plc has threatened that it may be forced to begin attaching Indian assets including bank accounts in different world capitals, unless the government resolves the issue.
