Region: India

UK appeal court revives fraud suit over Wirecard deal

The Court of Appeal in London has held that a fraud suit relating to the €250 million sale of an Indian payments business to Germany’s Wirecard has sufficient connection to England to proceed, while reserving a decision on whether the claims belong in arbitration.

04 March 2021

US court bars settlement of Indian satellite dispute

A US court has temporarily blocked Bangalore-based Devas Multimedia from settling a dispute over a US$562 million ICC award against Indian state-owned satellite company Antrix – amid allegations of a “government hijacking” after a liquidator took control of Devas, accused it of fraud and fired its counsel.

02 March 2021

Indian and Indonesian projects spawn SIAC claims

The Singapore International Arbitration Centre is hearing two unrelated disputes worth a combined US$1.1 billion over energy and mining projects in India and Indonesia, it has emerged.

25 February 2021

UK miner threatens treaty claim against India

A UK mining company says it has instructed external counsel for a potential investment treaty claim against India over the refusal of local authorities to renew a prospecting licence for a gold project.

18 February 2021

Cairn opens new front in Indian tax dispute

The UK’s Cairn Energy has applied to a US court to enforce a US$1.3 billion investment treaty award against India over the country’s pursuit of a retroactive tax bill.

15 February 2021

Amazon enforces SIAC emergency order in India

The Delhi High Court has enforced a SIAC emergency arbitrator’s order restraining Amazon’s Indian business partner from proceeding with a US$3.4 billion asset sale.

02 February 2021

Court referrals hand Mumbai centre caseload boost

The Indian Supreme Court has referred two financial disputes to be heard by sole arbitrators at the Mumbai Centre for International Arbitration (MCIA), boosting the caseload of the young institution.

02 February 2021

India’s arbitration rollercoaster in 2020

Nicholas Lingard and Rohit Bhat of Freshfields Bruckhaus Deringer in Singapore consider key developments in Indian arbitration in 2020.

29 January 2021

Satellite investors seek to enforce treaty award against India

Mauritian investors have applied to a US court to enforce a US$111 million investment treaty award against India over a cancelled satellite telecoms deal – months after the enforcement of a billion-dollar ICC award related to the same project.

13 January 2021

Emergency arbitration recognised in India

The Delhi High Court has refused to restrain Amazon from trying to block a US$3.4 billion transaction in India’s retail sector, confirming that Indian law does not prohibit recourse to an emergency arbitrator.

04 January 2021

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