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\"\"NEW DELHI: Vodafone<\/a> Group has said it would agree to consolidate its two international arbitrations initiated against India in connection with a tax demand of ₹11,000 crore, if the country agrees to it as well.

Vodafone’s lawyer Harish Salve told the Delhi High Court<\/a> on Monday, that since the Supreme Court had allowed the appointment of a presiding arbitrator in the second arbitration under the India-UK Bilateral Investment Protection Agreement (BIPA), nothing survives in the central government’s suit opposing the proceedings.<\/p>\n

\n\tVodafone will tell the second tribunal under the India-UK BIPA to consolidate the two proceedings if India were to consent to it, Salve told Justice Manmohan during the proceedings.<\/p>\n

Salve said this would be the company’s defence against India’s argument that the two proceedings under the different BIPAs were an abuse of the process of law. He further argued that the government should go after Hutchison<\/a> since it primarily earned money from the transaction.
\n\t
\n\tALSO READ: Supreme Court allows Vodafone to initiate second arbitration over $2 billion tax demand<\/a><\/strong><\/p>\n

\n\tSalve went on to add that Indian courts do not have the jurisdiction to stop the arbitration proceedings being conducted under international law. “Domestic courts have no role to play in public international law,” adding that since the second arbitral tribunal has also been formed, the high court need not hear the matter anymore.<\/p>\n

\n\tThe apex court had on December 14 last year said the chairman or presiding arbitrator can be appointed so that the tribunal is set up, but it should not commence hearing till the Delhi High Court decides the pending matter by January 10. The hearing in High Court will continue on Tuesday.<\/p>\n

Vodafone has initiated two arbitration proceedings against India, one under the India-United Kingdom BIPA and another under India-Netherlands BIPA, in connection with the tax demand raised by the government related to its $11 billion deal acquiring the stake of Hutchison Telecom<\/a> in 2009.<\/p>\n

The government feels the Hutchison-Vodafone deal was liable for tax deduction at source (TDS) under the Income Tax<\/a> (I-T) Act, and since Vodafone had not deducted the tax at source, the government raised the demand of ₹11,000 crore. With interest and penalties, the demand has risen to around ₹20,000 crore.<\/p>\n

\n\tWhile the Supreme Court subsequently quashed the demand on January 20, 2012, the government amended its I-T Act retrospectively, putting the liability back on Vodafone Group.
\n\t
\n\tALSO READ: Trial in Rs 22,100-crore Vodafone tax dispute in February<\/a><\/strong><\/p>\n

Vodafone Group, through its Dutch subsidiary — Vodafone International Holdings BV<\/a> (VIHBV) — in April 2012 invoked arbitration under India-Netherlands BIPA and then issued notice of arbitration of in April, 2014.<\/p>\n<\/body>","next_sibling":[{"msid":62423316,"title":"Apple Phablets win holiday sales","entity_type":"ARTICLE","link":"\/news\/apple-phablets-win-holiday-sale\/62423316","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":62423383,"entity_type":"ARTICLE","title":"Vodafone is ready to consolidate two international arbitrations","synopsis":"Vodafone Group has said it would agree to consolidate its two international arbitrations initiated against India in connection with a tax demand of \u20b911,000 crore, if the country agrees to it as well.","titleseo":"telecomnews\/vodafone-is-ready-to-consolidate-two-international-arbitrations","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-01-09 08:08:52","lastupd":"2018-01-09 08:14:42","breadcrumbTags":["Vodafone","Hutchison","Vodafone International Holdings BV","Delhi High Court","Hutchison Telecom","Income Tax","industry"],"secinfo":{"seolocation":"telecomnews\/vodafone-is-ready-to-consolidate-two-international-arbitrations"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2018-01-09" data-index="article_1">

沃达丰准备巩固两个国际仲裁

沃达丰集团已表示,它将同意巩固其两个国际仲裁开始对印度与税收有关的需求₹11000卢比,如果这个国家同意。

  • 更新2018年1月9日08:14点坚持
新德里消息:沃达丰(Vodafone)集团已表示,它将同意巩固其两个国际仲裁开始对印度与税收有关的需求₹11000卢比,如果这个国家同意。

哈瑞药膏对沃达丰的律师德里高等法院周一,最高法院允许首席仲裁员的任命在第二个仲裁India-UK双边投资保护协定(BIPA),没有什么生存反对中央政府的诉讼中。

沃达丰将告诉第二个法庭根据India-UK BIPA巩固两个诉讼如果印度同意它,药膏告诉印度司法诉讼。

药膏说这将是该公司的防御印度的说法,这两个程序在不同BIPAs滥用法律的过程。他进一步指出,政府应该追求和记黄埔因为它主要是赚钱的交易。

还读:最高法院允许沃达丰发起第二次仲裁超过20亿美元税收需求

药膏继续增加,印度法院没有管辖权停止仲裁程序在国际法的框架下进行。“国内法院没有作用在国际公法,”并补充说自第二次仲裁法庭也已形成,高等法院不需要听到这件事了。

apex法院去年12月14日说,主席或首席仲裁员可以任命法庭设置,但它不应开始听力直到德里高等法院决定1月10日的悬而未决的问题。周二听证会在高等法院将继续。

沃达丰已经发起了两个针对印度的仲裁程序,一个在India-United王国BIPA和另一个India-Netherlands BIPA,与税收有关的需求提出的政府有关其110亿美元的交易获得的股份和记黄埔电信在2009年。

政府觉得Hutchison-Vodafone交易承担税收减免在源头(TDS)下所得税(它)法案,因为沃达丰没有扣除的税收来源,政府提出的需求₹11000卢比。利息和罚金,₹周围的需求已经上升到20000卢比。

虽然最高法院随后撤销需求1月20日,2012年,政府修改了它回顾,把责任沃达丰集团。

还读:试验在价值22100卢比的沃达丰(Vodafone) 2月份税务纠纷

沃达丰集团通过其荷兰子公司-沃达丰(Vodafone)国际控股BV(VIHBV)——2012年4月调用仲裁下India-Netherlands BIPA然后发出仲裁通知的4月,2014年。

  • 发表在2018年1月9日08:08点坚持
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\"\"NEW DELHI: Vodafone<\/a> Group has said it would agree to consolidate its two international arbitrations initiated against India in connection with a tax demand of ₹11,000 crore, if the country agrees to it as well.

Vodafone’s lawyer Harish Salve told the Delhi High Court<\/a> on Monday, that since the Supreme Court had allowed the appointment of a presiding arbitrator in the second arbitration under the India-UK Bilateral Investment Protection Agreement (BIPA), nothing survives in the central government’s suit opposing the proceedings.<\/p>\n

\n\tVodafone will tell the second tribunal under the India-UK BIPA to consolidate the two proceedings if India were to consent to it, Salve told Justice Manmohan during the proceedings.<\/p>\n

Salve said this would be the company’s defence against India’s argument that the two proceedings under the different BIPAs were an abuse of the process of law. He further argued that the government should go after Hutchison<\/a> since it primarily earned money from the transaction.
\n\t
\n\tALSO READ: Supreme Court allows Vodafone to initiate second arbitration over $2 billion tax demand<\/a><\/strong><\/p>\n

\n\tSalve went on to add that Indian courts do not have the jurisdiction to stop the arbitration proceedings being conducted under international law. “Domestic courts have no role to play in public international law,” adding that since the second arbitral tribunal has also been formed, the high court need not hear the matter anymore.<\/p>\n

\n\tThe apex court had on December 14 last year said the chairman or presiding arbitrator can be appointed so that the tribunal is set up, but it should not commence hearing till the Delhi High Court decides the pending matter by January 10. The hearing in High Court will continue on Tuesday.<\/p>\n

Vodafone has initiated two arbitration proceedings against India, one under the India-United Kingdom BIPA and another under India-Netherlands BIPA, in connection with the tax demand raised by the government related to its $11 billion deal acquiring the stake of Hutchison Telecom<\/a> in 2009.<\/p>\n

The government feels the Hutchison-Vodafone deal was liable for tax deduction at source (TDS) under the Income Tax<\/a> (I-T) Act, and since Vodafone had not deducted the tax at source, the government raised the demand of ₹11,000 crore. With interest and penalties, the demand has risen to around ₹20,000 crore.<\/p>\n

\n\tWhile the Supreme Court subsequently quashed the demand on January 20, 2012, the government amended its I-T Act retrospectively, putting the liability back on Vodafone Group.
\n\t
\n\tALSO READ: Trial in Rs 22,100-crore Vodafone tax dispute in February<\/a><\/strong><\/p>\n

Vodafone Group, through its Dutch subsidiary — Vodafone International Holdings BV<\/a> (VIHBV) — in April 2012 invoked arbitration under India-Netherlands BIPA and then issued notice of arbitration of in April, 2014.<\/p>\n<\/body>","next_sibling":[{"msid":62423316,"title":"Apple Phablets win holiday sales","entity_type":"ARTICLE","link":"\/news\/apple-phablets-win-holiday-sale\/62423316","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":62423383,"entity_type":"ARTICLE","title":"Vodafone is ready to consolidate two international arbitrations","synopsis":"Vodafone Group has said it would agree to consolidate its two international arbitrations initiated against India in connection with a tax demand of \u20b911,000 crore, if the country agrees to it as well.","titleseo":"telecomnews\/vodafone-is-ready-to-consolidate-two-international-arbitrations","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-01-09 08:08:52","lastupd":"2018-01-09 08:14:42","breadcrumbTags":["Vodafone","Hutchison","Vodafone International Holdings BV","Delhi High Court","Hutchison Telecom","Income Tax","industry"],"secinfo":{"seolocation":"telecomnews\/vodafone-is-ready-to-consolidate-two-international-arbitrations"}}" data-news_link="//www.iser-br.com/news/vodafone-is-ready-to-consolidate-two-international-arbitrations/62423383">