On 14 December, the Supreme Court permitted Britain's Vodafone to start second arbitration process under an India-UK investment pact over New Delhi's tax demand for more than $2 billion.
As a matter of fact, the deal was made a decade ago. Vodafone, the world's second-largest mobile operator, entered India in 2007 by acquiring Hutchison Whampoa's wireless assets. It is contesting a tax bill of more than $2 billion relating to that acquisition.
Vodafone has already initiated an arbitration process under India's investment pact with the Netherlands.
Vodafone has already initiated an arbitration process under India's investment pact with the Netherlands.
No comments:
Post a Comment