Region: India

Indian investor’s covid plea can’t save claim against Libya

An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension.

02 August 2021

Cairn freezes Indian property in Paris

Scotland’s Cairn Energy says it has frozen more than €20 million worth of Parisian properties owned by India as it seeks to enforce an investment treaty award worth more than US$1.7 billion.

08 July 2021

More BIT award creditors target Indian airline

A month after Scotland’s Cairn Energy applied to use assets of India’s national airline to satisfy a billion-dollar investment treaty award, Mauritian shareholders in a telecoms company have launched a similar action to collect on an award against the state worth over US$111 million.

29 June 2021

Indian prosecution of marines halted after PCA award

India’s Supreme Court has quashed criminal proceedings against two Italian marines accused of killing two fishermen after Italy paid compensation in line with the award of an arbitral tribunal at the Permanent Court of Arbitration in The Hague.

15 June 2021

Reliance and Shell win another round in Indian oilfield dispute

India has challenged a partial award permitting Reliance and a Royal Dutch Shell subsidiary to recover further development costs for an offshore oilfield - in a US$5 billion arbitration that has lasted more than a decade

08 June 2021

Award creditor liquidated in India over alleged fraud

An Indian quasi-judicial entity has ordered the liquidation of Devas Multimedia and blocked it from enforcing a billion-dollar ICC award against a state-owned entity based on allegations of fraud.

28 May 2021

Howard Kennedy hires India practice head in London

Arish Bharucha has left disputes boutique Cooke Young & Keidan to join the partnership at another London firm, Howard Kennedy, where he will head its India practice.

19 May 2021

Award creditors threaten new treaty claim against India

Shareholders in Devas Multimedia have threatened India with a new investment treaty claim over its alleged efforts to thwart enforcement of ICC and UNCITRAL awards worth a combined US$1.4 billion.

07 May 2021

India facing new retroactive tax claim

Japanese conglomerate Mitsui & Co has filed an investment treaty claim against India over a US$324 million retroactive tax bill – months after the state suffered two high-profile losses over similar demands.

30 April 2021

Indian parties can choose foreign seat, rules Supreme Court

The Indian Supreme Court has held that two domestic parties are entitled to choose a foreign seat of arbitration and any award from those proceedings would be enforceable in the country’s courts.

22 April 2021

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