International Court of Justice to appoint presiding judge for Vodafone tax case

LONDON: The Hague-based International Court of Justice will appoint a presiding judge of a three-member arbitration panel on the Rs 22,100-crore tax demand by India on the Vodafone group using retrospective tax legislation, the British telecom giant said on Tuesday.

Vodafone had in March moved ICJ after arbitrators appointed by it and the government of India failed to reach a consensus on selection of a neutral/presiding judge of the three-member panel.

“On April 17, 2014, Vodafone International Holdings BV served its notice of arbitration under the Dutch Bilateral Investment Treaty, formally commencing the Dutch BIT arbitration proceedings,” Vodafone said while announcing financial earnings for the year ended March 2016.