Topic: Tax disputes

Canadian bank brings ICSID claim against Peru

A Canadian bank has brought an ICSID claim against Peru over a nearly 15-year long tax dispute, as a contractor turns to new counsel to challenge an award in a separate dispute with the Andean state.

25 November 2022

Miner hits Mexico with NAFTA claim over VAT rebates

A US precious metals producer has made good on its threat to file a NAFTA legacy claim against Mexico over its tax authorities’ refusal to grant VAT refunds on royalty payments.

11 November 2022

South Korea escapes bulk of Lone Star claim

UPDATED WITH AWARD:  Texas private equity group Lone Star’s US$4.7 billion ICSID case against South Korea has ended after a decade with the state being ordered to pay less than 5% of the amount claimed.

31 August 2022

Tax: a new frontier in ISDS?

Delegates at GAR Live BITs in London heard how the global shift to green energy could prompt more tax-related investment disputes, as well as discussion of arbitrations under tax treaties and why tax experts may be “difficult to work with”.

02 August 2022

Papua New Guinea faces ICSID claim over telecoms tax

A telecoms company founded by an Irish billionaire has filed an ICSID claim against Papua New Guinea after being hit with a US$100 million tax demand that it says is holding up the US$1.6 billion sale of its operations in the Pacific region.

07 July 2022

BVI court upholds costs award in dispute over Chinese taxes

A costs award issued by an LCIA tribunal in favour of two Chinese companies has been upheld after a court in the British Virgin Islands ruled that the Chinese tax authorities had no interest in the award.

06 July 2022

India makes billion-dollar payout to end tax dispute

A Scottish oil and gas company says it has received a tax refund of US$1.06 billion from the Indian government after it dropped efforts to enforce an investment treaty award.

24 February 2022

Oil company takes Bangladesh to ICSID over tax bill

A subsidiary of Singapore-listed KrisEnergy has filed an ICSID claim against Bangladesh and its state-owned oil company Petrobangla in a dispute over a US$37 million tax bill on development costs at an oil block.

27 January 2022

Kantor award upheld in BP tax dispute

A US court has upheld the award of an ICDR tribunal chaired by Mark Kantor which found BP did not have to pay US$56 million to compensate three drilling contractors for changes to US tax law.

24 November 2021

Cairn settles tax dispute with India

The UK’s Cairn Energy has agreed to forgo enforcement of a billion-dollar investment treaty award against India as it takes advantage of new legislation allowing the refund of previously collected taxes.

04 November 2021

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