Region: India
SIAC to hear Indian fintech feud
An Indian fintech company has filed a SIAC claim to recover shares owned by one of its founders who it has accused of fraud and embezzlement.
12 December 2022
Mumbai centre hears billion-dollar M&A dispute
India’s Reliance Infrastructure is pursuing a US$1.7 billion claim at the Mumbai Centre for International Arbitration over the sale of a power distribution business.
15 September 2022
Quebec court maintains freeze on Indian assets
A Quebec court has refused to lift a freeze on US$37 million in funds owed to India’s airports authority, ruling it has no jurisdiction to declare that recent legislation preventing such seizures has retroactive effect.
14 September 2022
Indian court annuls billion-dollar award for “fraud”
The Delhi High Court has set aside a US$1.3 billion ICC award against an Indian state-owned entity after finding it suffered from “patent illegalities and fraud” – as a related treaty claim continues.
30 August 2022
Carlsberg wins South Asian joint venture dispute
A SIAC tribunal chaired by Jan Paulsson has ruled in favour of Carlsberg in a US$1.5 billion dispute relating to its businesses in Nepal and India, giving the Danish brewer the right to buy its partner out of a joint venture.
18 August 2022
SIAC award survives coercion allegations
A mining executive and his son who alleged they were coerced at knifepoint into settling a joint venture dispute while suffering from mental illness have lost their challenge to a US$12 million SIAC award in Singapore.
29 July 2022
Future fails to secure early dismissal of Amazon claim
Indian conglomerate Future Group has failed to secure the early dismissal of a SIAC claim brought by Amazon over a US$3.4 billion asset sale on the basis of a parallel decision by a competition authority.
29 June 2022
India fails to upend latest award in protracted oil and gas dispute
The English Commercial Court has dismissed India’s challenge to a previously undisclosed US$111 million UNCITRAL award issued in its 11-year and still-pending dispute with Reliance Industries and BG Group over oil and gas fields.
09 June 2022
India seeks to reopen satellite award
India has applied for revision of a US$140 million investment treaty award won by Deutsche Telekom in a dispute over a cancelled satellite deal – arguing a recent ruling by its own Supreme Court shows the award is “tainted by illegality and fraud”.
20 May 2022