Last year Ascent Resources initiated arbitration proceedings against the Slovenian state under the UK-Slovenia Bilateral Investment Treaty and the Energy Charter Treaty.
Britain’s Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the US to France and to Singapore, to now be entitled for about Rs 7,900 crore refund of taxes.
A committee attached to the Washington International Court (ICSID) definitively rejected the €1.8 bln claims of Romanian-Swedish investors Ioan and Viorel Micula.
The shareholders had sought the right to seize all sum or moveable property of India and/or AAI being held by the International Air Transport Association.