Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.
New law to protect foreign investors to exclude tax demands; move to upgrade investment climate: Report
The bill also attempts to upgrade the investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes.
No financial guarantees, weak legal recourse: CAG's Rafale report shows little options if contract breached
The CAG report tabled in Parliament confirms that the Cabinet Committee on Security headed by Narendra Modi approved the Rafale deal even though France and Dassault Aviation had both refused to furnish bank guarantees or sovereign guarantees.
Cairn initiated arbitration against the government using a new law that gave it powers to impose taxes retrospectively, to slap a tax demand of Rs 10,247 crore on a decade old internal reorganisation of its India unit
RIL and BP had in May 2014 filed an international arbitration after the Election Commission forced deferment of implementation of a new pricing formula the previous UPA government had approved for pricing of RIL-BP's eastern offshore KG-D6 and other gas.
GMR Group today said it has won an international arbitration against the Maldives government and has been awarded USD 270 million as compensation from the island nation after its contract to build an international airport in Male was arbitrary cancelled.
Loop Telecom's investor Khaitan Holdings (KHML) today dragged the Indian government to international arbitration, seeking close to $2.5 billion in damages for its cancelled telecom licences.