The Paris Court of Appeal has set aside a $1.1 billion award against Russia for the expropriation of the Crimean branch of Ukrainian state-owned bank Oschadbank.
The international economic law regime has stripped India of over $3.8 billion in taxes due by Vodafone and Cairn Energy, as the country is battling the Covid19 crisis.
Cairn Energy has offered to invest the entire award money in India, which includes the principal amount of $1.2 billion and interest of $500 million if the government agrees to enforce the award.
Un tribunal de la CPA desestimó las objeciones jurisdiccionales presentadas por India y concluyó que dicho país incumplió con el estándar de TJE bajo el TBI entre India y el Reino Unido. El caso fue iniciado por Cairn Energy.
Un tribunal arbitral a rejeté les objections à la compétence de l’Inde et conclu que le pays avait violé la norme TJE du TBI Inde-Royaume-Uni, dans un arbitrage lancé par Cairn Energy.
A PCA tribunal dismissed India’s jurisdictional objections and found it in breach of the FET standard in the India–UK BIT in an arbitration under UNCITRAL rules initiated by Cairn Energy.
The Paris Court of appeal set aside the arbitral award issued in the dispute Oschadbank v. the Russian Federation, finding that the tribunal lacked temporal jurisdiction.
According to sources related to the Lone Star ISD, the tribunal is expected to give a final ruling on Lone Star versus the Korean government case that has dragged on for nine years within the first half.