Vodafone Tax Arbitration Award Binding on India, Lawyers Say

Sept. 25, 2020, 2:40 PM

The ruling of an arbitration tribunal under the India-Netherlands bilateral investment protection pact that says it is unfair for India to seek 200 billion rupees ($2.7 billion) in back taxes from Vodafone Group Plc will be binding on the south Asian nation, according to Souvik Ganguly, managing partner at Mumbai-based law firm Acuity Law.

  • NOTE: Vodafone Scores a Victory in $3 Billion Tax Spat With India
  • “Such arbitration awards attain a binding nature under the applicable arbitration rules,” Ganguly says in an interview over phone
  • Reluctance to abide by the international tribunal’s order may result in the global investor community ...

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