Nepal
Developing Telecoms | 8-Jan-2020
The ICSID has issued an interim order preventing Nepal’s government from collecting capital gains tax on Axiata’s acquisition of Ncell.
Himalayan Times | 2-Jan-2020
The ICSID had issued an interim order directing the government not to take any steps to enforce its decision to collect the outstanding capital gains tax.
Himalayan Times | 20-Dec-2019
A US-based international court issues interim order directing the Nepal government not to impose capital gains tax on Ncell buyout deal for the time being.
Nepali Times | 7-May-2019
Axiata UK may be required to exhaust local remedies before resorting to arbitration under the UK-Nepal investment treaty
Mobile World Live | 29-Apr-2019
Axiata Group’s UK subsidiary and Nepal mobile unit filed a request for arbitration with the International Centre for the Settlement of Investment Disputes, regarding a capital gains tax bill levied by Nepali authorities.