Global MNCs like Cairn Energy and Vodafone have invoked Bilateral Investment Treaty and served arbitration notice to India over tax disputes. While the tax demand on Cairn Energy is Rs 10,247 crore, that on Vodafone is Rs 14,200 crore.
Le Centre international de règlement des différends sur l’investissement vient de condamner la société Menzies Middle East And Africa S.A. et la société Aviation Handling Services International Limited.
Civil society groups sound alarm over COVID-19 claims in ’corporate courts’ | 5-Jul-2020
Countries could be facing a wave of cases from transnational corporations suing governments over actions taken to respond to the Covid pandemic using a system known as investor-state dispute settlement, or ISDS. Some 630 organisations from across the world, representing hundreds of millions of people, are calling on governments in an open letter to urgently take action to shut down this threat.