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T.N. seeks to stay Nissan arbitration
The Tamil Nadu government moved the Madras High Court for an interim stay on carmaker Nissan Motor from proceeding with international arbitration over the alleged non-payment of incentives being claimed by it from the State.
Nissan sues India over outstanding dues; seeks over $770 million
Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives.
NZ ’could not’ apply water tax - diplomat
Government plans to put a royalty on exports of bottled water could be in jeopardy after a top trade negotiator warned MPs it would breach trade deals.
Trial in Rs 22,100 crore Vodafone tax dispute in February
An international arbitration tribunal in February will begin trial on Vodafone’s challenge to India using a retrospective legislation to seek Rs 22,100 crore in taxes.
Delhi High Court allows Vodafone to take part in second arbitration in tax case
The Delhi High Court today allowed Vodafone Group representatives to participate in the process of appointing a presiding arbitrator in its international arbitration process against India in connection with a tax demand of Rs 11,000 crore.
Breaking down the security exception in the US-Argentina BIT
Noting the ad hoc nature of investment arbitration under the ICSID, it is not surprising that two tribunals adopted different interpretations
An ICSID tribunal dismisses its jurisdiction as investor abused its rights by “reviving” a company to access arbitration against Cameroon
The tribunal ruled that the investor did not have a head office in Luxembourg and had abused its rights to “give the impression that it had a Luxembourg head office”
Cairn Energy reveals when final arbitration hearing over India tax dispute will be heard
The Edinburgh-based oil and gas explorer says both it and the Government of India have agreed a timetable for finalising document production, submissions and hearings.
Vodafone versus India: A BIT of confusion
By restraining a foreign investor from pursuing a claim under a bilateral investment treaty (BIT), the Delhi high court is coming in way of India’s accountability being tested under international law.
Cairn Energy adds $249 mn to compensation claim in retrospective tax dispute
UK-based Cairn Energy Plc has increased its compensation claim by $249 million in the retrospective dispute case after the income tax department adjusted tax refund due to the oil explorer towards settlement of its tax liabilities.
Singapore may renegotiate EU trade deal after Brexit removes British markets
Singapore has raised the prospect of renegotiating terms on a long-awaited free trade deal with the European Union due to the impact of Brexit
World Bank unit starts Malampaya arbitration
The ICSID designated the team that will hear Shell Philippines Exploration B.V.’s arbitration case against the Philippine government on Malampaya gas project’s corporate income tax issue.
Cairn tax dispute: I-T dept confiscates dividend, refund
The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.
Paris Court of Appeal sets aside an award on the basis of serious indications of money laundering
Allegations of corruption and criminal activity have been used increasingly in recent years in French courts to argue for the setting aside of arbitral awards on the grounds of a breach of international public policy.
Vodafone Group serves second notice on India to formally start 2nd arbitration in tax case
Vodafone Group Plc has served its second notice on the Indian government to formally commence the​second ​arbitration in the high profile Rs 22,000 crore tax matter.
US and China sign trade agreement
The US and China have reached a 10-point trade deal that opens the Chinese market to US credit rating agencies and credit card companies.
Why Singapore doesn’t want to see a HK-ASEAN free-trade deal
Once the ASEAN opens its service sector to Hong Kong companies, Singapore could be the hardest hit, and hence its staunch opposition to it.
EU to exclude financial services from post-Brexit deal
The EU intends to exclude the financial services sector from a trade deal with the UK after Brexit, according to the latest tweaks in the EU’s draft negotiating guidelines.
Cairn arbitration: International panel rejects India’s demand for stay
An international arbitration panel has rejected India’s demand for a stay on an arbitration initiated by Cairn Energy against Rs10,247 crore retrospective tax notice.
TiSA and the threat to public banks
The Trade in Services Agreement (TiSA) is an attack on the future publicness of public banking around the world.