finance | banking | taxes


World Bank unit starts Malampaya arbitration
The ICSID designated the team that will hear Shell Philippines Exploration B.V.’s arbitration case against the Philippine government on Malampaya gas project’s corporate income tax issue.
Cairn tax dispute: I-T dept confiscates dividend, refund
The Income Tax Department has ordered coercive action against Cairn Energy of UK, including taking away over Rs 2,000 crore dividend and tax refund, to recover part of the Rs 10,247 crore retrospective tax.
Paris Court of Appeal sets aside an award on the basis of serious indications of money laundering
Allegations of corruption and criminal activity have been used increasingly in recent years in French courts to argue for the setting aside of arbitral awards on the grounds of a breach of international public policy.
Vodafone Group serves second notice on India to formally start 2nd arbitration in tax case
Vodafone Group Plc has served its second notice on the Indian government to formally commence the​second ​arbitration in the high profile Rs 22,000 crore tax matter.
US and China sign trade agreement
The US and China have reached a 10-point trade deal that opens the Chinese market to US credit rating agencies and credit card companies.
Why Singapore doesn’t want to see a HK-ASEAN free-trade deal
Once the ASEAN opens its service sector to Hong Kong companies, Singapore could be the hardest hit, and hence its staunch opposition to it.
EU to exclude financial services from post-Brexit deal
The EU intends to exclude the financial services sector from a trade deal with the UK after Brexit, according to the latest tweaks in the EU's draft negotiating guidelines.
Cairn arbitration: International panel rejects India’s demand for stay
An international arbitration panel has rejected India’s demand for a stay on an arbitration initiated by Cairn Energy against Rs10,247 crore retrospective tax notice.
TiSA and the threat to public banks
The Trade in Services Agreement (TiSA) is an attack on the future publicness of public banking around the world.
Britain puts banks at front of queue for US trade deal
British banks could be able to access the US markets in future as freely as they trade with the EU now, under a trade deal