Topic: Tax disputes

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

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

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

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

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

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

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

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

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

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