Vedanta Group
UK court ruling on Shell good news for India
February 16, 2021
Though it is not directly connected, a ruling by the United Kingdom Supreme Court last week holding petroleum giant Royal Dutch Shell responsible for the actions of its subsidiary in Nigeria could open a pandora’s box for subsidiaries of hundreds of large multinationals who hav...
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Time for Indian government to rein in its aggressive tax officials
December 26, 2020
On Wednesday, Permanent Court of Arbitration based in the Netherlands awarded USD 1.2 billion plus costs and interest in damages to the British energy company Cairn Energy Plc in a tax dispute with the Indian government over retrospective application of tax. The case dates back t...
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