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Kuwait’s Agility gets favourable verdict on $380m Iraq funds
The Kuwaiti company Agility gets another opportunity to reclaim its legacy investment in an Iraqi telecom firm. The charges brought by Agility relate to more than $380 million in diverted funds.
Mexico’s Azteca files arbitration claim against Peru in fibre backbone case
La compañía peruano-mexicana Azteca Comunicaciones ha presentado un arbitraje de inversiones contra Perú ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (CIADI), después de anunciarlo desde 2021.
International body rules in favour of Nepal government in Ncell taxation case
The Axiata Group had filed a case at the International Centre for Settlement of Investment Disputes in May 2019, claiming damages worth around Rs66 billion.
Bite Latvia shareholder appeals to govt over 5G action by regulator SPRK
The US-based company Providence Equity Partners claims that certain actions by national public service regulator SPRK indicate a possible violation of the bilateral investment agreement between the US and Latvian governments.
How Chinese companies are challenging national security decisions that could delay 5G network rollout
A relatively new strategy for China is to challenge national security decisions before international tribunals using a method called investor-state dispute settlement.
Devas shareholders move another arbitration
The shareholders are seeking compensation commensurate with an arbitration award of $1.3 billion and have demanded that since Devas has been wound up, India must pay the award directly to the claimants.
Huawei takes Sweden to court following 5G ban
Huawei said that it has initiated arbitration proceedings against Sweden under the World Bank Group after the Nordic country banned the Chinese tech giant from rolling out its 5G products.
Devas seizes $6.8 million worth of AAI property in Canada
The shareholders had sought the right to seize all sum or moveable property of India and/or AAI being held by the International Air Transport Association.
Devas Multimedia eyeing foreign assets of Indian govt to enforce $1.3 bn arbitral award
Devas Multimedia’s investors are eyeing several properties owned by the Indian government across the world, as they seek to enforce a $1.3 billion arbitral award the satellite company won against Antri.
Income tax bill fails to address international arbitration, will continue fight: Devas
An arbitration tribunal in 2020 awarded Devas more than $111 million plus interest in retro tax case.
Mexico’s America Movil says loses tribunal ruling against Colombia
America Movil said the World Bank’s ICSID tribunal has ruled against the company in its dispute with Colombia and ordered it to pay $2.2 million to cover the costs of the case.
United Group files claim against Serbia
Netherlands-based United Group claims that Serbia has violated several obligations related to incentives and mutual protection of investments between the two countries.
China tried to punish European states for Huawei bans by adding eleventh-hour rule to EU investment deal
Draft text shows Beijing looked to withhold telecoms sector benefits to firms from countries with restrictions on Chinese telecoms companies.
Vodafone arbitration award: Centre to challenge telco’s Rs 22,100 crore tax case win
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
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.
Orange begins legal proceedings against Iraq government
Orange Group has instituted legal proceedings against Iraq in an attempt to claw back more than USD 400 million in investments it alleges were expropriated by the country’s regulator.
India to contest Vodafone arbitration judgement: Report
The Indian government plans to contest the judgement on the Vodafone arbitration award in Hague.
Vodafone  ruling may set precedent  for other cases
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
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.
Telenor’s legal notice through the eyes of int’l investment law
Telenor, the principal investor of Bangladesh’s leading mobile phone operator Grameen Phone, has served a legal notice to the President of Bangladesh seeking arbitration.