Britain’s Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes.
A committee attached to the Washington International Court (ICSID) definitively rejected the €1.8 bln claims of Romanian-Swedish investors Ioan and Viorel Micula.
The Croatian government okayed the out-of-court settlement between Croatia and the American Colgate McCallum investment management company, which will see Croatia pay €40m to the company.
Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against their operations.
Téhéran s’est félicité dimanche de la récente condamnation de Bahreïn à verser plus de 200 millions d’euros de compensation à deux banques iraniennes expropriées par ce pays arabe du Golfe.
The arbitration has been discontinued in response to the non-payment of the claimant’s portion of the required advance payment of the costs of the proceeding.
The settlement is under the Taxation Laws (Amendment) Act, introduced this year to put an end to 17 tax disputes India has with multinational companies like Cairn and Vodafone Plc.
Le gouvernement indien s’efforce de résoudre ce problème le plus rapidement possible et vise une conclusion dans les prochaines semaines, a déclaré le directeur général de Cairn.
Cairn Energy will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a $1 billion refund resulting from the scrapping of a retrospective tax law.
El caso nace de un proceso judicial desarrollado en los tribunales salvadoreños donde el HSBC buscó recuperar $2 millones en prestamos a una empresa salvadoreña.