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finance | banking | taxes

AB InBev takes on Peru over tax bill
14-Jan-2025 CDR
The global beer brewing giant has filed an ICSID challenge to the Peruvian tax authority’s attempts to recover an outstanding tax bill and its refusal to allow refunds.
Tunisia to face sand mining claim
9-Jan-2025 CDR
Minerali Industriali is taking action under the Italy-Tunisia bilateral investment treaty for alleged mistreatment related to its sand mining and processing business.
S Alam threatens int’l legal action against Bangladesh interim govt
2-Jan-2025 Dhaka Tribune
Mohammed Saiful Alam, founding chairman and managing director of the Bangladeshi industrial conglomerate S Alam Group, has initiated legal proceedings as a Singaporean citizen to seek compensation for alleged financial losses.
US escalates efforts to halt Ottawa’s digital services tax
2-Sep-2024 CBC
The Office of the United States Trade Representative has requested dispute settlement consultations with Ottawa under the Canada-US-Mexico trade agreement.
‘Political instability threatens AfCFTA implementation’
9-Aug-2024 Punch
Political Instability and policy inconsistencies, among others, constitute barriers that threaten the success of the African Continental Free Trade Area Trade in Services Protocol.
S. Korea appeals tribunal order to pay $32m to US hedge fund
12-Jul-2024 The Korea Herald
South Korea has filed an appeal against a ruling by a Hague-based arbitration court ordering it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015.
Eurohold and EIG launch EUR 500 mln arbitration proceedings against Romania
27-May-2024 Romania-Insider
Eurohold Bulgaria AD and Euroins Insurance Group AD said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington, DC.
Government wins landmark international arbitration case against Laiki, Bank of Cyprus depositors
23-May-2024 In-Cyprus
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal unanimously rejected a USD 600 million claim by depositors and bondholders of Laiki Bank and the Bank of Cyprus.
S. Korea ordered to pay Mason Capital 43.8 bln won in investor-state suit
12-Apr-2024 Yonhap
An international tribunal ordered South Korea to pay 43.8 billion won (US$32 million) in compensation to US-based hedge fund Mason Capital in an investor-state suit the company filed over a controversial 2015 merger of two Samsung affiliates
Nigeria, UK to sign enhanced trade investment partnership agreement on Tuesday
14-Feb-2024 Arise News
Governments of Nigeria and the United Kingdom will, on Tuesday, sign the Enhanced Trade Investment Partnership (ETIP) Agreement to not just boost its trade volume but also reduce market access and regulatory barriers discouraging people from investing in either of both nations.
Nexo initiates international arbitration case against Bulgaria
22-Jan-2024 Novinite
Cryptocurrency-based financial services company Nexo has filed a case against Bulgaria in an international arbitration court in the USA.
Hong Kong investors plan AT1 action against Switzerland
16-Jan-2024 Nikkei Asia
Investors in Hong Kong are preparing to file a request for arbitration against the Swiss government for writing off the AT1 bonds issued by Credit Suisse, claiming the move was at odds with a bilateral investment treaty between the jurisdictions.
How wealthy corporations use investment agreements to extract millions from developing countries
15-Jan-2024 Inside Climate News
When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
Al Habtoor group issues a notice of an investment dispute against Lebanon
10-Jan-2024 Al Habtoor
Emirati conglomerate Al Habtoor Group served a notice of an Investment Treaty Dispute against the Lebanese Republic in connection with Lebanon’s breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.
USD 12 billion dispute decided in Tunisia’s favour
10-Jan-2024 CDR
A wrangle over a shareholding in a Tunisian bank which dates back to the 1980s has finally been resolved in arbitration.
ABH Holdings S.A. brings $1 billion claim against Ukraine
5-Jan-2024 ABH Holdings S.A.
ABHH seeks full compensation for the expropriation of Sense Bank by the Ukrainian authorities through enforced nationalisation.
When investors subvert states
1-Dec-2023 Project Syndicate
The ongoing lawsuit brought against Honduras by an American company underscores the unjust and undemocratic nature of the investor-state dispute settlement system.
The global minimum tax spurs need for faster investment agreement reforms
24-Nov-2023 UNCTAD
A UNCTAD report highlights the interplay between efforts to tackle tax avoidance and protect investment, calling for accelerated reforms to align investment agreements with new global tax rules.
US commerce secretary says closed three ’pillars’ of Indo-Pacific talks
15-Nov-2023 Yahoo
IPEF member countries have agreed on terms of the clean energy pillar and on the anti-corruption chapter.
S. Korea files for cancellation of int’l tribunal’s compensation order in Lone Star case
1-Sep-2023 Yonhap
The South Korean government filed an appeal seeking to cancel an international tribunal’s order to pay compensation to American private equity firm Lone Star Funds with the firm’s sell-off of the now-defunct Korea Exchange Bank.