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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
An AAA tribunal has dismissed a US$55 million claim against BP by subsidiaries of a Bermudan deepwater drilling contractor over tax liabilities.
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 chaired by the president of the International Court of Justice has rejected an Israeli chemicals group’s US$200 million investment treaty claim against Ethiopia over a tax bill.
12 July 2021
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
India has reportedly applied to a Dutch court to set aside an investment treaty award requiring it to pay US$1.2 billion plus interest to Scotland’s Cairn Energy in compensation for a retroactive tax demand.
24 March 2021
A tribunal at the Permanent Court of Arbitration has ordered India to pay US$1.2 billion plus interest to the UK’s Cairn Energy over the country’s pursuit of a retroactive tax bill.
29 December 2020
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