Arbitration

Cairn offers to forego USD 500 mn if India agrees to pay principal due

Cairn offers to forego USD 500 mn if India agrees to pay principal due

The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan.

Cairn says it has identified Indian assets for seizing should it be not paid

Cairn says it has identified Indian assets for seizing should it be not paid

"Cairn is extremely confident that satisfaction of the award will be achieved either by negotiated settlement or by enforcement against I...Read More

Cairn wants India to honour its word and pay $1.4 bn, shareholders to seek enforcement

Cairn wants India to honour its word and pay $1.4 bn, shareholders to seek enforcement

"Our shareholders are watching," Cairn CEO Simon Thomson said in a Twitter post. "They expect India to honour its obligations and to quic...Read More

$1.4 bn Cairn arbitration award: FM Sitharaman says its her duty to appeal

$1.4 bn Cairn arbitration award: FM Sitharaman says its her duty to appeal

Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the ...Read More

Law and judiciary: More sloganeering, less vision

Law and judiciary: More sloganeering, less vision

India has always been good at coining phrases. They sound impressive. They suggest a caring and concerned government. But that does not f...Read More

$1.4bn arbitration award: Cairn says hopeful of solution, will take steps to protect shareholder interest

$1.4bn arbitration award: Cairn says hopeful of solution, will take steps to protect shareholder interest

Cairn CEO Simon Thomson held discussions with Finance Secretary Ajay Bhushan Pandey and over half a dozen other senior officials includin...Read More

Government to appeal against Cairn tax award; no mention of appeal in talks between Cairn's CEO and Finance Secretary

Government to appeal against Cairn tax award; no mention of appeal in talks between Cairn's CEO and Finance Secretary

The government is likely to file an appeal against the USD 1.4 billion international arbitration award won by Cairn Energy in a tax disp...Read More

Vodafone tax case: India files application in Singapore High Court against arbitration panel verdict

Vodafone tax case: India files application in Singapore High Court against arbitration panel verdict

India has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100...Read More

Cairn says engaged with Indian government on adherence to arbitration award

Cairn says engaged with Indian government on adherence to arbitration award

A month after a tribunal at the Permanent Court of Arbitration in The Hague ordered India to return USD 1.2 billion to UK's Cairn Energy ...Read More

Bina Modi's plea against son Lalit's Singapore arbitration proceedings maintainable: Delhi High Court

Bina Modi's plea against son Lalit's Singapore arbitration proceedings maintainable: Delhi High Court

The Delhi High Court has held that it has the jurisdiction to decide a plea by late industrialist KK Modi's wife challenging her son Lali...Read More

Entitled of relief to restrain Vodafone from initiating 2nd international arbitration: Centre to HC

Entitled of relief to restrain Vodafone from initiating 2nd international arbitration: Centre to HC

The Centre urged the high court to sine die adjourn its appeal against the single judge's verdict permitting consolidation of two interna...Read More

Is government waiting for Cairn arbitration award to decide on Vodafone appeal?

Is government waiting for Cairn arbitration award to decide on Vodafone appeal?

The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's C...Read More

Government issues ordnance to amend arbitration law

Government issues ordnance to amend arbitration law

The government on Wednesday issued an ordinance to amend the arbitration law to ensure that all stakeholder parties get an opportunity to...Read More

Govt weighs legal options in Vodafone tax arbitration case

Govt weighs legal options in Vodafone tax arbitration case

Last month, an international arbitration court ruled that the Indian government seeking Rs 22,100 crore in taxes from telecom giant Vodaf...Read More

Vodafone arbitration case: Vodafone wins, yet government prepares for another battle

Vodafone arbitration case: Vodafone wins, yet government prepares for another battle

The government on Friday said it will consider all options, including legal remedies, with regard to Vodafone arbitration case which went...Read More

Arbitration & need to protect investments

Arbitration & need to protect investments

Matters came to a head in December 2011.

HCC's Supreme Court win strengthens course of arbitration

HCC's Supreme Court win strengthens course of arbitration

Mumbai: Hindustan Construction Company (HCC) has won a challenge in the Supreme Court for setting aside Section 87 of the Arbitration and...Read More

Strides Pharma Science to get USD 42 mn from escrow account after winning arbitration on Agila sale

Strides Pharma Science to get USD 42 mn from escrow account after winning arbitration on Agila sale

New Delhi: Strides Pharma Science on Wednesday said it will receive USD 42 million (approx Rs 295 crore) from an escrow account after an ...Read More

placeholder

Govt imposes $1.55 bn demand on RIL-BP-Niko

New Delhi : Government has slapped a USD 1.55 billion demand on Reliance Industries and its partners BP and Niko for “unfairly enriching”...Read More

placeholder

RIL spokesperson says in a press statement:

The claim of the Government is based on misreading and misinterpretation of key elements of the PSC and is without precedent in the oil &...Read More

Free Press Journal

www.freepressjournal.in