DoCoMo Says $1.2B Tata Arbitration Tiff Can Be Heard In NY

Law360, New York (December 1, 2016, 9:37 PM EST) -- Japanese cellphone company NTT DoCoMo Inc. asked a New York federal judge Wednesday to dispense with Tata Sons Ltd.’s jurisdictional objections to its petition to confirm a $1.17 billion arbitration award, saying there’s no question the Indian conglomerate has sufficient ties to the Empire State.

DoCoMo initiated the suit in October as part of a multipronged approach to enforce the award, which was issued by a London Court of International Arbitration tribunal in June that concluded Tata breached a shareholder agreement by failing to find a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.