finance | banking | taxes
Solicitor General Tushar Mehta has advised the government that the decision of an arbitration tribunal cannot contradict the law passed by a sovereign parliament.
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.
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.
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.
The Indian government plans to contest the judgement on the Vodafone arbitration award in Hague.
Cairn is seeking full restitution for losses resulting from the expropriation of its investments in India in 2014.
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.
Kenya’s plans to tax digital services could hit a brick wall following its negotiations for a free trade deal with the US.
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 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.
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.
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.
Recent jurisdictional decisions suggest that sovereign debt will be subject to bilateral investment treaties for the foreseeable future.
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.
Cross-border financial services trade between the UK and Switzerland is set to become easier, thanks to a commitment signed June 30.
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.
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.
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.”
As governments take action to fight the COVID-19 pandemic and prevent economic collapse, they could face multi-million dollar lawsuits.
The UK has put financial services access at the center of its objectives for a trade deal with Japan.