This content is from: India

Vodafone continues fight with India

Vodafone is continuing its fight with India and has threatened to take the country’s government to international arbitration.

Despite winning its long-running $2.5 billion dispute with the authorities earlier this year, Vodafone’s Dutch subsidiary indicated that it may seek arbitration under a bilateral treaty between India and the Netherlands.

The dispute relates to March’s Finance Bill which proposed retrospective legislation to tax Vodafone-style transactions dating back to 1962.

The telecommunications company, India’s largest foreign investor, claims that the proposal violates legal protections and harms international investors.

“Vodafone has asked the Indian government to abandon or suitably to amend the retrospective aspects of the proposed legislation as Vodafone would prefer to reach an amicable solution to this matter,” read a group statement.


India to target Vodafone-style transactions going back 50 years

TEI explains objections to Indian retrospective amendment

Everything you need to know about the Vodafone ruling

How you can avoid becoming the next Vodafone

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.

© 2021 Euromoney Institutional Investor PLC. For help please see our FAQ.

Instant access to all of our content. Membership Options | 30 Day Trial