Telecom giant Vodafone Group recently won an international arbitration case against the Indian government, bringing one the country’s most high-profile disputes — a $2 billion tax claim — to a close. According to an international arbitration tribunal in The Hague, India’s government has breached an investment treaty agreement between India and the Netherlands with its imposition of tax liability on Vodafone, Reuters reported. The tribunal has directed India to pay $5.47 million to Vodafone in compensation for its legal costs.
By Aparna Sai
Skadden, Arps, Slate, Meagher & Flom and DMD Advocates have successfully advised telecommunications company Vodafone Group in an international arbitration case against the Indian government over a $2 billion tax claim.
Trilegal has acted for Idea Cellular before the Competition Commission of India (CCI), which approved the telecom company’s $23 billion deal to merge with Vodafone India, which was represented by Shardul Amarchand Mangaldas & Co.
Vodafone Group Plc said it expected to close on Friday a deal to buy an 11 percent stake in its Indian business from minority partner Piramal Enterprises Ltd, giving it full ownership.