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finance | banking | taxes

Vodafone arbitration award: Centre to challenge telco’s Rs 22,100 crore tax case win
27-Oct-2020 Business Today
Solicitor General Tushar Mehta has advised the government that the decision of an arbitration tribunal cannot contradict the law passed by a sovereign parliament.
Why India should challenge the Vodafone-India BIT award
26-Oct-2020 Bar and Bench
The scope of consent to arbitration is an important issue that needs to be finally settled - not least because it could have multi-billion dollar implications for India in respect of other cases involving challenges to India’s taxation measures by foreign investors.
Finance not fish: The trade deal with Japan focuses on what matters for the City
23-Oct-2020 City AM
Trade talks with the EU remain uncertain, with negotiations focused on issues like fishing that have little bearing for the City. But in the meantime, Japan has given “global Britain” — and particularly the City — something to celebrate.
Hungary’s OTP sues Croatia for loan conversion damages
20-Oct-2020 Reuters
OTP Bank has sued the Croatian government to recover about $34.60 million it lost during a mandatory conversion of Swiss franc-denominated loans to euro-based loans in 2015.
India to contest Vodafone arbitration judgement: Report
1-Oct-2020 Deccan Herald
The Indian government plans to contest the judgement on the Vodafone arbitration award in Hague.
Cairn seeks $1.4 bn damages from govt
30-Sep-2020 Live Mint
Cairn is seeking full restitution for losses resulting from the expropriation of its investments in India in 2014.
New bilateral treaties to keep tax disputes out of arbitration
30-Sep-2020 New Indian Express
India will try and keep its taxation laws out of the ambit of all Bilateral Investment Treaties (BITs) and comprehensive economic pacts that it negotiates.
US seeks to stop Kenya’s digital taxation plans in FTA deal
28-Sep-2020 Kahawa Tungu
Kenya’s plans to tax digital services could hit a brick wall following its negotiations for a free trade deal with the US.
Vodafone  ruling may set precedent  for other cases
28-Sep-2020 livemint
Vodafone Group Plc’s big win against the Indian government could set a precedent for similar arbitration cases, including the one initiated by Cairn Energy Plc.
Vodafone wins international arbitration against India in $2 billion tax case
25-Sep-2020 Reuters
Vodafone won an international arbitration case against the Indian government, ending one of the most high-profile disputes in the country involving a $2 billion tax claim.
Indonesia: IA-CEPA - Impact on data localization and offshore data transfers in Indonesia
23-Sep-2020 Baker Mckenzie
This article focuses on the treatment of electronic systems and data, such as data localization and personal data protection In Indonesia due to the IA-CEPA.
US-Kenya trade and tax developments
26-Aug-2020 Bloomberg
The negotiation of a US-Kenya Free Trade Agreement has spurred interest by prospective US investors, exporters, and importers.The final GILTI, FDII, and BEAT regulations provide the US tax framework for US C corporate investors.
BITs and bonds: The international law and economics of sovereign debt
20-Aug-2020 SSRN
Recent jurisdictional decisions suggest that sovereign debt will be subject to bilateral investment treaties for the foreseeable future.
How ‘digital trade’ rules would impede taxation of the digitalised economy in the Global South
13-Aug-2020 TWN
The new digital trade regime, which has already been adopted in some free trade agreements and is being proposed in the WTO, would exacerbate the harmful tax practices of multinational enterprises within a deeply integrated digitalised economy.
Switzerland — UK to negotiate a bilateral financial services agreement
1-Jul-2020 MENAFN
Cross-border financial services trade between the UK and Switzerland is set to become easier, thanks to a commitment signed June 30.
Preparing for the COVID aftermath
11-Jun-2020 World Commerce Review
Arbitration cases due to COVID emergency measures would exacerbate the challenges that public budgets are already facing due to the need for stimulus measures and the difficulty in collecting government revenue.
Lone Star hints intent on out-of-court settlement with Seoul over KEB dispute
5-Jun-2020 Pulse
US private equity firm Lone Star Funds suggested it was open to “amicable and sensible” out-of-court option to settle the longstanding dispute with the Korean government.
How capitalism and other viruses are ravaging the Global South
19-May-2020 Jacobin
The economic hegemony exerted by the trade regime — and related financial structures — mirrors and extends old colonial patterns of exploitation and dispossession. Its policies represent our “normal.”
Cashing in on the pandemic: How lawyers are preparing to sue states over COVID-19 measures
19-May-2020 TNI
As governments take action to fight the COVID-19 pandemic and prevent economic collapse, they could face multi-million dollar lawsuits.
UK puts banking at heart of objectives for Japan trade deal
13-May-2020 Bloomberg
The UK has put financial services access at the center of its objectives for a trade deal with Japan.