Making a mockery of arbitration

It’s close to two months now that an international arbitration tribunal ruled that India’s imposition of a tax liability on Vodafone was in breach of an investment treaty agreement between India and the Netherlands. The company had challenged before the arbitration tribunal the Indian government’s usage of a 2012 legislation to retrospectively tax deals like Vodafone’s $11-billion acquisition of a 67 per cent stake in the mobile phone business owned by Hutchison Whampoa in 2007.  

The government’s response has been predictable: On Tuesday, it sought more time from the Delhi High Court to decide whether it will challenge the ruling as

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