Articles tagged with: Reliance Industries
FT: Reliance paid 2 lawyer-MPs crores in undisclosed retainer fees in perfectly legal but troubling arrangement
Two senior MPs were paid several crore Rupees in undisclosed legal retainer contracts over several years by Reliance Industries, raising questions of transparency and potential for conflict despite being completely legal, reported the UK’s Financial Times on its frontpage this morning. [ Full FT art...
4th time lucky: Ex UK judge now KG arbitrator for RIL after SP Bharucha quit
Reliance Industries has replaced its ex-CJI SP Bharucha, who resigned last week as its arbitrator, with former UK appeals judge Bernard Rix as the third arbitrator in its dispute with the government over the KG-D6 basin, reported PTI . Bharucha had reportedly recused himself after the government had...
4th time lucky: Ex UK judge now KG arbitrator for RIL after SP Bharucha quit
Reliance Industries has replaced its ex-CJI SP Bharucha, who resigned last week as its arbitrator, with former UK appeals judge Bernard Rix as the third arbitrator in its dispute with the government over the KG-D6 basin, reported PTI . Bharucha had reportedly recused himself after the government had...
Mahindra bags RIL petrol head Naveen Raju as group GC
1,800 companies’ legal spend up 18% to $3.5bn - RIL alone billed Rs 1,200 cr, Ranbaxy doubled costs to Rs 850 cr: ET
The Economic Times ’ research arm, the ET Intelligence Group, surveying more than 1,800 listed companies, has revealed that their legal spend was Rs 21,906 crore ($3.5bn) in the 2013-14 financial year, an increase of more than 17.5 per cent on last year. Out of the five biggest spenders on legal fee...
Third time lucky: SC picks another Oz judge alongside RIL-nominee SP Bharucha for KG arbitration
The Supreme Court has selected former Australian high court judge Michael Kirby to chair over the arbitration between Reliance Industries and the Centre over KG Basin gas production, after five months ago Justice SS Nijjar, had already selected one and then another Australian ex-judge to preside aft...
SC finds another Oz judge as arbitrator in Reliance KG dispute
The Supreme Court of India has appointed ex Australian high court judge Michael Hudson McHugh to preside over the $1.8bn arbitration between the government and Reliance Industries (RIL) relating to the KG basin. Supreme Court Justice SS Nijjar had originally picked ex-Australian Supreme Court judge ...
SC U-turns, withdraws Oz arbitrator in Reliance-Gov dispute because too much Ambani #win
Supreme Court Justice SS Nijjar, who on Monday appointed a former Australian Supreme Court judge as the chief of three arbitrators to settle a $1.8bn dispute between Reliance Industries and the government, has withdrawn the suggestion. The problem, said Nijjar, agreeing with objections from the gove...
Reliance wins as SC appoints Australian judge to arbitrate $1.8bn oil ministry dispute
An Indian Supreme Court bench headed up by Justice SS Nijjar has appointed ex-Australian SC judge James Spigelman to preside as arbitrator between Mukesh Ambani’s Reliance Industries and the oil ministry. At stake is who whether Reliance will be able to recover $1.8bn in its costs from the governmen...
SC asks gov for what it's done in alleged Singapore shell company Reliance money laundry
A Supreme Court three-judge bench headed by Justice BS Chauhan told the government to report on what it had done to investigate the Rs 6,500 crore investment into four Indian Indian Reliance Industries companies by what is allegedly a Singaporean shell company called Biometrix used for money launder...
First reported Reliance deal for K Law in $450m Sibur JV with Linklaters
K Law and Linklaters have advised Reliance Industries on its Rs 22bn ($450m) joint venture with Russian petro company Sibur, which was advised by Khaitan & Co and Herbert Smith, as Legally India had earlier reported.