Under the India-South Korea Bipa, a party can drag the other to international arbitration if its investments are threatened.
Senior advocate Harish Salve, appearing for the telecom major, informed Justice Manmohan that the company in its response to the high court's August 22 notice has said it is not acceding to jurisdiction of the Indian courts in the matter.
Recently, the government had appointed former Chief Justice of India R C Lahoti as arbitrator in the tax dispute case.
India will finally sign an investment treaty - the Bilateral Investment Promotion and Protection Agreement (BIPA) - with Myanmar in the first week of April. The pact is going to be of critical interest to a host of oil majors looking at investments in the resource-rich country.According to sources, the treaty will be signed with the approval of Prime Minister Manmohan Singh. The Cabinet ratification, they say, will come later.
A bench headed by Justice H L Dattu, however, allowed the petitioner, former Additional Solicitor General Bishwajit Bhattacharyya, to file fresh petition with all the relevant documents stating what action Centre has so far been taken on the issue.
Etihad has been in talks for a 24 per cent equity stake in Jet, valued at around $300 million, ever since India relaxed ownership rules and allowed foreign airlines to buy up to 49 per cent in local carriers.
India, UAE yet to conclude bilateral investment promotion and protection agreement.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
Here are a few noteworthy entertainers who were pretty much AWOL.
Finance Minister Arun Jaitley, in his Budget speech on Monday, announced a new dispute resolution mechanism for such companies who are in confrontation with the taxman's action.
On the eve of the historic-transfer of power, United States President-elect Barack Obama would host his presidential race opponent Senator John McCain at a dinner.In fact, the Presidential Inauguration Committee on Sunday announced a series of bipartisan dinners to be hosted by Obama on January 19, a day before his inauguration as the 44th US President.The committee said each of the three dinners will honour an American whose lifetime of public service has been enhanced.
Days before the visit of Chinese President Hu Jintao next week, the government has approved the signing of a Bilateral Investment Promotion and Protection Agreement with China.
A Bill to double the number of H-1B visas to 115,000, with the option of raising the limit 20% annually is now pending before US Congress.
The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.
Officials say telco still keen on process.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
She said during Question Hour in Rajya Sabha that Bharatiya Janata Party got a massive mandate on the basis of its election manifesto which opposes FDI in multi-brand retail.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
PM promised a tax regime that is predictable and competitive
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
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