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2016
Vedanta v. India Vedanta Resources PLC v. India
Nationality of the parties
India
United Kingdom
Summary of matters at issue
59.9% shareholding in Cairn India Limited, one of the largest oil and gas exploration companies in India.
Claims arising out of a tax bill of approximately USD 3.29 billion, imposed by the Government on Cairn India Limited in 2015, for the alleged failure to pay taxes on capital gains arising from Cairn’s operations in 2006-2007.
Economic sector and subsector
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
Arbitral rules and administering institution
UNCITRAL
Data not available
Composition of tribunal
Hwang, M.
Spigelman, J.
McRae, D. M.
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
3000.00 mln USD
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page