Region: India

The Indian Supreme Court has reinstated a US$632 million award won by an affiliate of Reliance Infrastructure and its Spanish partner against an Indian state-owned entity over defects in an airport express metro project in Delhi.

14 September 2021

India’s highest court has ruled the country does recognise emergency arbitration awards, upholding enforcement of one secured by Amazon in a SIAC dispute stalling its local business partner from completing of a US$3.4 billion asset sale.

06 August 2021

India is moving to nullify a retrospective tax law that led to high-profile treaty awards for Vodafone and Cairn Energy, and is offering to refund companies that were affected provided they drop their claims.

05 August 2021

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

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

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

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

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

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

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