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Government To Study Vodafone Arbitration Case Award

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Government mentioned on Friday that it’ll research a global arbitration tribunal’s ruling in favour of Vodafone Group Plc, ending some of the high-profile disputes within the nation involving a $2 billion tax declare.

An worldwide arbitration tribunal in The Hague dominated that authorities’s imposition of a tax legal responsibility on Vodafone, in addition to curiosity and penalties, had been in a breach of an funding treaty settlement between India and the Netherlands.

It additionally directed India to pay 4.three million kilos to the corporate as compensation for its authorized prices.

“The government will be studying the award and all its aspects carefully in consultation with our counsels,” finance ministry mentioned in an announcement, including that it’ll contemplate all choices, together with authorized treatments.



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