Axiata said the payment was made under protest and will seek remedies including restitution of sums already paid in the international arbitration proceedings.
Cerro Verde, a partnership between Freeport McMoran and Buenaventura, is to bring a case against Peru related to a taxation dispute at the ICSID under a US-Peru trade agreement.
La minera Cerro Verde, controlada por la estadounidense Freeport-McMoRan, inició un procedimiento internacional de arbitraje contra Perú por una disputa sobre el pago de millonarias regalías.
Une société de services financiers, basée aux États-Unis, a saisi le CIRDI au sujet d’un différend avec le Cameroun lié à une série de plateformes numériques.
This is far from the end of the Micula story. Enforcement proceedings continue in the United States, France, Belgium, Luxembourg and Sweden, and there are questions before the CJEU.
Vodafone’s dispute relates to its $11 billion acquisition of a 67% stake in the mobile-phone business owned by Hutchison Whampoa. Cairn Energy is contesting a big tax bill that Indian government raised for a 2006 transaction.
When Vietnam signalled it would claim the tax due, oil giant ConocoPhillips issued a pre-emptive legal strike using an arbitration process under the UK-Vietnam bilateral investment treaty.
Now that the February 23 deadline for the court directive to pay Tk2,000 crore audit dues to the telecom regulator looms, Telenor hopes that the ongoing audit dispute can be settled without resorting to international arbitration.