Page 5 - Arbitration

US, UK, 3 other courts confirm $1.4 bn arbitration award against India

Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc

It is my duty to appeal: FM Sitharaman on Cairn arbitration award

India's sovereign authority to tax cannot be questioned by anybody, she asserts

$1.2-bn arbitration award: Cairn, govt discuss long-term capital gains tax

Company will invest in India, but looking for 'acceptable solution' to tax dispute

India in talks with Dutch lawyers to file an appeal against Cairn verdict

India is expected to take a stand that the government has the sovereign right of taxation and private individuals cannot decide on that

Vodafone tax case: India moves Singapore HC against arbitration panel order

The govt has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone

Cairn threatens to enforce arbitration award against Indian assets overseas

Cairn was awarded damages of over $1.2 billion plus interest and costs in the long-drawn tussle over a tax dispute

Decoded: Why Vodafone, Cairn retro tax cases are in for a long haul

The government sticking to its stand that bilateral investment treaties cannot override a nation's sovereign right to tax

India challenges Vodafone arbitration award, plans the same in Cairn case

Experts mixed on the Indian government response. Some say it will send wrong signal to investors, while others say bilateral investment treaties exclude tax disputes

Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more

Here's a selection of Business Standard opinion pieces for the day

Twin blows in three months

Govt must move on, accept retro tax arbitration awards

Best of BS Opinion: Making a mockery of arbitration, LVB crisis, and more

Here's a selection of Business Standard opinion pieces for the day

Making a mockery of arbitration

Ending "tax terrorism" was the BJP's promise in the 2014 election that brought Narendra Modi to power giving hope to the likes of the UK's Cairn Energy Plc. But the hopes have been belied

Future Retail moves HC seeking relief against SIAC stay order on RIL deal

The Future group firm has contended that Amazon is "misusing" the interim order passed by an emergency arbitrator of the Singapore International Arbitration Centre (SIAC) on October 25, 2020.

Arbitration proceedings: Order on foreign jurisdiction has a caveat

Experts explain how order on foreign jurisdiction will influence India's alternative dispute landscape

Govt issues ordinance to amend arbitration law for stakeholder parties

The government on Wednesday issued an ordinance to amend the arbitration law to ensure that all stakeholder parties get an opportunity to seek an unconditional stay on enforcement of arbitral awards where the arbitration agreement or contract is "induced by fraud or corruption". The ordinance which further amends the Arbitration and Conciliation Act, 1996 also does away with the 8th Schedule of the Act which contained the necessary qualifications for accreditation of arbitrators. This provision had faced criticism from some quarters that the conditions prescribed in the law came in way of India getting the benefit of having foreign arbitrators. "But that was not the case and a wrong impression had got created. Still, to do away with that impression, the concerned schedule has been dropped," a government functionary explained. Now, the qualifications based on which arbitrators will be accredited will be prescribed by regulations, which will be framed by a proposed arbitration ...

Tough legal battle ahead for Future group as it loses arbitration case

Corporate lawyers say Indian courts usually go along with orders given by foreign arbitration courts as witnessed in several cases before

Amazon vs RIL for Future: What's at stake & what's next in the retail war?

According to the sources, Future group has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process

Amazon asks Sebi, bourses to note arbitration ruling on Future-RIL deal

The sources said that Amazon has shared a copy of the interim judgement with Sebi, BSE and NSE

Verdict on Amazon arbitration plea over Future-RIL deal expected soon

Rajah, former Attorney General of Singapore, is expected to deliver his judgment in the next few days, the sources said

Road developers take conciliation route for claims amid liquidity crunch

Debt resolution, Covid-related liquidity concerns, and a long legal process acting as deterrent are some reasons pushing firms to pursue conciliation