finance | banking | taxes
The Indian government nudges Cairn to accept the terms of its tax dispute settlement scheme instead of pursuing the international arbitration route.
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.
Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.
The tax dispute between the Indian government and Cairn Plc has been the subject of international arbitration from 2014.
The tax demand was challenged by Cairn Energy through an international arbitration where it also made a case against the dividend freeze
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.
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.
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.
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.
From November 2016 negotiating round
The ICSID delivered its decision in Edenred’s arbitration claim against the Hungarian State in the Group’s favor.
Aide’s ‘cake and eat it’ note praised the recent trade Canada-EU trade deal but there are few similarities with the UK.
The Permanent Court of Arbitration has formed a panel of arbitrators for considering a claim filed by Sergey Pugachev seeking $12 billion in damages
The exploitation of loopholes has become the favorite play of an organized tax avoidance industry.
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.
Rising inequality is largely to blame for this electoral upset. Continuing with business as usual is not an option.
India had sought removal of Sir Franklin Berman as the presiding arbitrator of three-member panel.
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 AG repeated its concern regarding the Proposal of the Amendment law for conversion of loans in Swiss francs to euros.
The Croatian government is facing a lawsuit for forcing local banks to convert Swiss franc loans into euros.