India’s top court allowed Britain’s Vodafone to initiate a second arbitration process under an India-UK investment pact .

The Tamil Nadu government moved the Madras High Court for an interim stay on carmaker Nissan Motor from proceeding with international arbitration over the alleged non-payment of incentives being claimed by it from the State.

Nissan Motor réclame plus de 770 millions de dollars (646 millions d‘euros) à l‘Etat indien pour non versement d‘aides publiques et a ouvert une procédure d‘arbitrage internationale.

Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives.

An international arbitration tribunal in February will begin trial on Vodafone’s challenge to India using a retrospective legislation to seek Rs 22,100 crore in taxes.

The Delhi High Court today allowed Vodafone Group representatives to participate in the process of appointing a presiding arbitrator in its international arbitration process against India in connection with a tax demand of Rs 11,000 crore.

Noting the ad hoc nature of investment arbitration under the ICSID, it is not surprising that two tribunals adopted different interpretations

Le tribunal a estimé que la société requérante n’avait pas de siège social au Luxembourg et a fait preuve d’abus de droit pour « étayer la réalité de son siège social luxembourgeois »

The tribunal ruled that the investor did not have a head office in Luxembourg and had abused its rights to “give the impression that it had a Luxembourg head office”

The Edinburgh-based oil and gas explorer says both it and the Government of India have agreed a timetable for finalising document production, submissions and hearings.