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RIL slaps arbitration notice on govt over $1.55 bn demand: Minister

RIL slaps arbitration notice on govt over $1.55 bn demand: Minister

Reliance Industries has slapped an arbitration notice on the government over a demand USD 1.55 billion demand made on it for "unfairly enriching" by producing natural gas belonging to ONGC, Oil Minister Dharmendra Pradhan said today.

RIL serves arbitration notice to government on ONGC gas dispute

Reliance Industries Ltd (RIL) has served a notice to the government for arbitration after the Petroleum Ministry asked it to pay $1.55 billion for allegedly producing gas from a well in the eastern offshore KG Basin connected to a field of state-run Oil and Natural Gas Corp. Ltd (ONGC).

DoCoMo moves US court, Tata Sons to resist

DoCoMo moves US court, Tata Sons to resist

In a dispute between NTT DoCoMo and Tata Sons over the enforcement of a US $1.17 billion award by the London Court of International Arbitration (LCIA), the Japanese firm has moved a US court.

Reliance Industries not to withdraw arbitration against govt: Mukesh Ambani

Reliance Industries not to withdraw arbitration against govt: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani Thursday said the company will not withdraw an arbitration it has initiated against the government for disallowing recovery of certain KG-D6 gas field costs - a punishment for gas output targets not being met.

Finance Minister Arun Jaitley to inaugurate BRICS meet on arbitration

Finance Minister Arun Jaitley to inaugurate BRICS meet on arbitration

Finance Minister Arun Jaitley will inaugurate BRICS conference here on arbitration on August 27 which will deliberate on ideas and insights regarding dispute resolution mechanism among the 5 emerging nations that form the group.

South China Sea ruling will `intensify conflict,` says envoy

South China Sea ruling will `intensify conflict,` says envoy

China`s ambassador to the United States blamed Washington`s pivot to Asia under President Barack Obama for increased tensions.

BP signals willingness to take back arbitration

BP signals willingness to take back arbitration

After the oil ministry's tough talk, BP of the UK has signalled its desire to end arbitration seeking higher prices for natural gas from eastern offshore KG-D6 block that it co-owns with Reliance Industries.

Arbitration not best way to settle tax disputes: CBDT chief

Arbitration is not the best way to resolve tax disputes, CBDT Chairperson Anita Kapur said , stressing that the Indian legal system is fair enough to deal with taxation issues.

India should aspire to be hub of neutral arbitration: SC Judge

India should aspire to become a hub of neutral arbitration, a Supreme Court judge on Saturday said while claiming that most people in the country have immense faith in this alternative form of dispute resolution.

RIL arbitration case: Will follow court order, says Oil Ministry

RIL arbitration case: Will follow court order, says Oil Ministry

Days after the Supreme Court dismissed its plea seeking removal of a foreign arbitrator appointed by Reliance Industries, the Petroleum Ministry Thursday said it will follow the court order in the dispute over Panna-Mukta and Tapti oil and gas fields.

US Ambassador conveys conern over business related issues

US Ambassador Richard Verma on Thursday conveyed concerns over business-related issues such as IPR and arbitration after which India assured him that the government was taking a number of steps including amending arbitration law for faster disposal of business disputes.

Cabinet clears amendments to Arbitration Act

Seeking to ensure faster settlement of commercial disputes, Cabinet Wednesday cleared a proposal to amend the Arbitration Act which sets a fixed timeline for arbitrators to resolve cases.

Croatia MPs vote to quit Slovenia border row arbitration

Croatian lawmakers decided Wednesday to withdraw from arbitration on a long-running border row with Slovenia after revelations that a Slovenian member of the tribunal tasked with solving the dispute had breached its impartiality.

China lobbies hard ahead of Manila's South China Sea arbitration case

China lobbies hard ahead of Manila's South China Sea arbitration case

China`s claims to the disputed South China Sea will come under international legal scrutiny for the first time this week, but while Beijing has officially refused to take part in the case filed by the Philippines at a U.N. tribunal, it has made its presence felt.

Philippines says to resume works in disputed South China Sea

 The Philippines said on Thursday it would resume repair and reconstruction works in the disputed South China Sea after halting activities last year over concerns about the effect on an arbitration complaint filed against China.

NTT Docomo drags Tata Sons to arbitration over stake sale

Japanese telecom giant NTT Docomo has dragged Tatas to an arbitration court, alleging that the Indian firm failed to honour commitment to buy its Rs 7,250 crore stake in their joint venture Tata Teleservices Ltd.

Govt amends law on arbitration to attract investment

Amid its keenness to attract the maximum foreign investment, the government has sent out a signal to international business community by amending the Arbitration Act to make it mandatory for a judge presiding over commercial disputes to settle cases within nine months.

No question of arbitration in chopper deal case: Antony

There is "no question" of India getting involved in the arbitration process initiated by AgustaWestland in its Rs 3,600 crore chopper deal, which is facing the threat of cancellation, Defence Minister AK Antony said here on Monday.

Unitech shares surge over 4% on bourses

Shares of Unitech on Thursday surged over 4 percent after the Company Law Board allowed its plea for settling dispute over control and transfer of assets of its joint venture with Norway's Telenor through arbitration at Singapore.

Kishenganga: UN fixes US jurist for mediation

The United Nations has
appointed a leading US lawyer to head an International Court
of Arbitration to settle the dispute between India and
Pakistan over Kishenganga hydro project.