Vodafone ordered to deposit £1.5bn in Indian tax dispute November 15, 2010 India’s top court on Monday directed Vodafone to deposit 25bn rupees (£341.6m) within three weeks in relation to the $2.5bn (£1.55bn) tax dispute, a Vodafone spokesman said. Vodafone has also been directed to make a bank guarantee worth 85bn rupees within eight weeks, the official said. Vodafone, fighting a tax bill in India over its [...]
BGC sues Tullett for theft November 9, 2010 BGC Capital Markets has accused its fellow inter-dealer broker Tullett Prebon, run by Terry Smith, of stealing proprietary pricing data and began a lawsuit yesterday to recover the resulting profit. BGC filed a complaint at the New York supreme court yesterday that centred around US Treasury data that BGC supplies to Tullett Americas for use [...]
Violent riots as fees are passed December 9, 2010 A CAR carrying the Prince of Wales and Camilla Parker-Bowles was attacked by protesters last night, after anger over the vote on tuition fees boiled over into ugly scenes of violence. Police struggled to control the civil disobedience that gripped Whitehall and other parts of London, as demonstrators smashed the windows of the Treasury before [...]
Violent riots as fees are passed December 9, 2010 A CAR carrying the Prince of Wales and Camilla Parker-Bowles was attacked by protesters last night, after anger over the vote on tuition fees boiled over into ugly scenes of violence. Police struggled to control the civil disobedience that gripped Whitehall and other parts of London, as demonstrators smashed the windows of the Treasury before [...]
More Britons want pre-nups October 10, 2010 THE NUMBER of young Britons seeking pre-nuptials has risen as lawmakers are urging the courts and the government to decide on whether to make the pre-marriage contracts legally binding. A recent poll of 1,000 people across the country found that nearly half of all 18-24 year olds would consider taking out a pre-nuptial agreement. The [...]
Pre-nups get legal status October 20, 2010 THE AGE of the pre-nup has finally arrived in the UK. The Supreme Court yesterday upheld a landmark ruling that gives credence to prenuptial agreements in England and Wales. The case examined whether the pre-marriage pact between German heiress Katrin Radmacher and Frenchman Nicolas Granatino should be considered as part of their divorce settlement. The [...]
BAA to sell two airports after losing court ruling October 13, 2010 AIRPORT operator BAA is set to take its battle with the Competition Commission to the Supreme Court, after the regulator won a High Court ruling forcing it to sell off two more airports to satisfy competition concerns in the industry. BAA’s Spanish owner Ferrovial will now have to sell off Stansted and either Glasgow or [...]
Vodafone set to pay £350m in tax dispute November 15, 2010 VODAFONE was yesterday told it must pay £350m in relation to its Indian tax dispute within the next three weeks. The telecoms giant must also make a bank guarantee worth £1.2bn within eight weeks. Vodafone is embroiled in a legal battle with Indian authorities over a disputed capital gains tax bill relating to its 2007 [...]
Vodafone will appeal Indian tax decision September 14, 2010 Vodafone has filed an appeal with India’s Supreme Court after its petition over a tax feud with authorities was dismissed. The lower court ruled that the Indian tax system has jurisdiction over tax bills in cross-border mergers. Vodafone, which is fighting a tax bill in India from its 2007 purchase of Hutchison Whampoa’s mobile business [...]
Vodafone will appeal Indian tax decision September 14, 2010 Vodafone has filed an appeal with India’s Supreme Court after its petition over a tax feud with authorities was dismissed. The lower court ruled that the Indian tax system has jurisdiction over tax bills in cross-border mergers. Vodafone, which is fighting a tax bill in India from its 2007 purchase of Hutchison Whampoa’s mobile business [...]