Nokia Corp, which is in a $333 million tax dispute with Indian authorities, said the Delhi High Court last week ruled in the company's favour in a case where the tax office froze some of its assets.

"We are now working closely with the tax authorities to ensure that the parties will find a comprehensive solution to the remaining open issues, and discussions have been constructive," the Finnish company said in a statement, declining to comment further.

Nokia, which has agreed to sell its handset business to Microsoft Corp, said it had sufficient assets in India to meet its tax obligations and would share details of it with tax authorities to allay any concern.

Follow us on Twitter: @ALB_Magazine.

Related Articles

Korea’s Lee & Ko adds arbitration veteran to head int’l disputes

by Sarah Wong |

South Korean law firm Lee & Ko has significantly enhanced its dispute resolution capabilities with the appointment of international arbitration expert Park Eun Young as head of the firm's international disputes group.

Kim & Chang maintains top spot in Korean M&A legal advisory

South Korea's largest law firm, Kim & Chang, has retained its leading position in the country's mergers and acquisitions (M&A) legal advisory market for the first nine months of 2023, according to data released on Oct. 3.

Drew secures $3.5 bln judgment against Lim family in Hin Leong case

Singapore Big Four law firm Drew & Napier has successfully represented liquidators in securing a $3.5 billion judgment against former oil tycoon Lim Oon Kuin, known as OK Lim, and his two children in Singapore's largest reported fraudulent trading case.