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India pushes Cairn to settle tax with fresh interest demand
The Indian government nudges Cairn to accept the terms of its tax dispute settlement scheme instead of pursuing the international arbitration route.
JKX Oil battle continues as Ukraine files application to UK High Court
Ukranian authorities have now applied to the UK High Court asking to set aside the recent UNCITRAL arbitration award against Ukraine and in favour of JKX.
The Hague Arbitration Court recognizes Russia’s obligations to protect Ukrainian investors in Crimea after annexation
Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.
Tribunal confirms ₹10,247-cr tax demand on Cairn UK
The tax dispute between the Indian government and Cairn Plc has been the subject of international arbitration from 2014.
IT dept lifts freeze on Cairn dividend payout
The tax demand was challenged by Cairn Energy through an international arbitration where it also made a case against the dividend freeze
Cyprus and Greece lock legal horns over bail-in
Greek investors claim that they were discriminated against and lost millions in the bail-in of Cypriot bank deposits some four years and have launched legal action against Cyprus.
Manas Bank v. Kyrgyz Republic: Paris Appeals Court annuls $16.5 million award for Valeri Belokon
The Paris Appeals Court annuled $16.5 million award for Latvian businessman Valeri Belokon and reinstated the evidence that Manas Bank employees were engaged in money laundering.
Australia’s march towards corporatocracy
While consultancies, political donations, secondments and staff movements magnify corporate influence over government, an equally sinister trend is playing out in the world of multinational corporations.
International tribunal awards JKX Oil USD12.0 million in damages
JKX Oil said the tribunal found the government of Ukraine was in breach of elements of the bilateral investment treaty between the UK and Ukraine.
TiSA - draft annex on financial services (Nov 2016)
From November 2016 negotiating round
Edenred S.A.: Arbitration ruling from the ICSID delivered in Edenred’s favor in Hungary
The ICSID delivered its decision in Edenred’s arbitration claim against the Hungarian State in the Group’s favor.
The ’Canadian model’: why Ceta isn’t a blueprint for Brexit
Aide’s ‘cake and eat it’ note praised the recent trade Canada-EU trade deal but there are few similarities with the UK.
Arbitration panel formed for hearing $12 bln claim lodged by tycoon Pugachev
The Permanent Court of Arbitration has formed a panel of arbitrators for considering a claim filed by Sergey Pugachev seeking $12 billion in damages
Embedding human rights into corporate tax planning
The exploitation of loopholes has become the favorite play of an organized tax avoidance industry.
India gets 6 more weeks to respond to Cairn Energy arbitration
Cairn had in June filed a 160-page Statement of Claim seeking quashing of the retrospective tax demand on a decade-old on an internal reorganisation of its India unit.
We must rethink globalization, or Trumpism will prevail
Rising inequality is largely to blame for this electoral upset. Continuing with business as usual is not an option.
ICJ rejects India’s plea for change arbitrator in Vodafone case
India had sought removal of Sir Franklin Berman as the presiding arbitrator of three-member panel.
UK raises Vodafone tax dispute; wants early resolution
Global MNCs like Cairn Energy and Vodafone have invoked Bilateral Investment Treaty and served arbitration notice to India over tax disputes. While the tax demand on Cairn Energy is Rs 10,247 crore, that on Vodafone is Rs 14,200 crore.
Addiko Bank threatening Montenegro by international arbitration because of the "Swiss"
Addiko Bank AG repeated its concern regarding the Proposal of the Amendment law for conversion of loans in Swiss francs to euros.
Croatia hit with lawsuit for franc-loan conversion law
The Croatian government is facing a lawsuit for forcing local banks to convert Swiss franc loans into euros.