Region: India

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

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

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

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

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

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

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

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

29 January 2021

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

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