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Spain sued over Popular resolution
Mexican billionaire Antonio del Valle has launched actions against the Spanish government for its role in the process of putting Banco Popular into resolution and subsequent sale for €1 to Santander.
Dar faces legal suit at international tribunals over tax, investment policies
Civil society organisations are pushing for a review of the BIT between Tanzania and The Netherlands which they say does not serve the best interests of Tanzania.
India may not accept arbitration orders annulling Cairn, Vodafone tax demands
India may not accept international arbitration orders annulling tax demands on British firms Vodafone Plc and Cairn Energy.
Arbitration panel to hear Vodafone challenge to Rs 22,100 crore tax in February 2019
The tribunal, headed by Sir Franklin Berman, will hear the government’s objection to tax matters being covered under the Netherlands-India Bilateral Investment Treaty.
Delhi High Court rejects Centre’s plea against Vodafone’s UK arbitration
In the order, Justice Manmohan, however, noted that the Centre could approach the UK arbitration tribunal under the BIPA for its grievances.
Venezuela bondholders inch toward $50 billion debt default showdown
Investors holding billions of dollars in defaulted Venezuelan bonds have formed at least one bondholder committee, which could signal an eventual legal dispute similar to the dispute with Argentina after it defaulted on its sovereign debt in early 2002.
NAFTA: New protections for "too big to fail" banks
The financial industry’s demands for a “modernized” financial services chapter of the North American Free Trade Agreement have been overlooked
Singapore signs Belt and Road deal
Singapore has signed an agreement with China to strengthen cooperation on its ambitious Belt and Road Initiative, aiming to expand the city-state’s involvement.
Les jeux sont faits: Swiss Supreme Court upholds investment treaty award against public policy challenge in a gambling case
The Swiss Federal Supreme Court confirmed its statutory restraint in reviewing arbitral awards and rejected the host state’s request to set aside the award for violating substantive public policy.
Nissan dispute: State insists court to stall int’l arbitration
A week after Japanese automaker Nissan hinted at the scope of an amicable solution, the Tamil Nadu government insisted that the Madras high court hear its plea to stall the international arbitration initiated by company.
In talks with Tamil Nadu government to settle issues: Japanese automaker Nissan
The Madras High Court was told that the Tamil Nadu government was holding “talks” with Japanese automaker Nissan, predictably for an amicable settlement.
The English court sets aside a Tribunal’s findings of lack of jurisdiction under a BIT
The English High Court has set aside parts of an award concerning claims brought by Griffin against Poland; Poland has reserved the right to argue the compatibility of the BIT with EU law.
Final hearing in Cairn Energy tax issue in August
Under international arbitration proceedings the final hearing of Cairn’s claim under the UK-India Bilateral Investment Treaty is scheduled for August 2018 in The Hague.
Banks line up behind British government in EU trade battle
Banks and insurers lined up to back the British government’s demand that a future trade deal with the European Union must include financial services, putting them on a collision course with Brussels.
France rules out UK bid to include banks in EU trade deal
French Economy Minister rejects financial services to be part of a free-trade deal with the European Union after Brexit.
Solar wars: Part IV - The Eiser award was not a rogue one
The tribunal found that Novenergia’s investments were achieving a reasonable rate of return. However, the tribunal held that it was sufficient for the claim to succeed that Novenergia could show “quantifiable prejudice” compared with its position when it initially made its investment.
Solar wars: Part III - Return of the European Commission
On 26 December 2017, the Commission published its decision that attacked the ECT claims brought by investors against Spain (and other EU states).
Solar wars: Part II – The states strike back
One tribunal could interpret the effect of legislative provisions differently to another. So while Eiser opens up the prospect of more claims, Blusun may narrow the basis for claims.
Solar wars: Part I – A new hope for investors?
With the global financial crisis, solar power incentives schemes became unbearably costly and Spain repealed those incentives. Consequently, many investors brought arbitration claims under the Energy Charter Treaty.
How international investment agreements have made debt restructuring even more difficult and costly
Inconsistencies and even contradictions have emerged in dispute settlement decisions, sometimes at the expense of public good, sovereignty and financial and economic stability.