For Immediate Release February 27, 2019 New Delhi:Ā In a historic 7-1 decision, the U.S. Supreme Court decided in Jam v. IFC that international organizations like the International Finance Corporation of the World Bank Group...
The Mundra residents hope the US top court will allow them to sue the World Bankās IFC, which partly funded Tata Groupās thermal power project. NEW DELHI–Villagers fighting against a controversial Tata Group thermal...
In 2015, farmers and fishworkers from rural India sued the World Bank Group in Washington, D.C., over impacts from a disastrous coal-fired power plant project that they said destroyed their livelihoods and damaged their...
The Supreme Court heard oral argument this morning in a dispute over immunity for the International Finance Corporation, an international organization that makes loans to private businesses to finance projects in developing countries. The...
October 31, 2018, Washington, D.C.Ā āĀ The U.S. Supreme Court heard oral arguments today inĀ Jam v. International Finance CorporationĀ (IFC), a landmark lawsuit that will decide if international organizations are absolutely immune from lawsuits in U.S. courts....
October 31, 2018, New Delhi.: The Supreme Court of the United States of America heard the oral arguments in the historic case filed by the villagers from Mundra, Gujarat against the absolute immunity granted...
The plaintiffs contend that the plantās construction caused saltwater to leach into the local groundwater. They say that the plantās ācooling system discharges thermal pollution into the sea, killing off marine life on which...
Tata Mundra Ultra Mega Power Project India is part of an ambitious plan, which saw the building of several coal-based thermal power stations to meet Indiaās energy needs. Located on the western coast of...
October 5, 2018, New Delhi: Medha Patkar, Bharat Patel, Nityanand Jayaraman and other members of the CSOs across India, have criticised the Working Group of the World Bank Boardās Committee on Development Effectiveness (CODE),...
Submission to the Inspection Panel Working Group We are happy to note the Working Group of the World Bank Boardās Committee on Development Effectiveness is reviewing the Inspection Panelās toolkit to determine whether it...
A fishing community in India challenges the bankās private-lending arm in the US Supreme Court. The US Supreme Court sits more than 12,000 miles from Tragadi Bandar, the patch of Indiaās west coast where...
For Immediate Release U.S. Government Opposes āAbsoluteā Immunity for World Bank Group in Brief to SCOTUS Washington, D.C., August 1, 2018 ā Late yesterday, the U.S. Government urged the U.S. Supreme Court to reverse...
Most of the International Financial Institutions enjoy legal immunity in most of the countries. The immunity enjoyed by IFI’s like the World Bank Group raises pertinent questions around the extent of immunity granted to...
A year back when we started our weekly newsletter Finance Matters, what we intended was to bring together the news and analysis from the world of finance, in a form and language comprehensible to...
BloombergQuint The Fineprint | Are Gujarat farmers likely to succeed against World Bankās lending arm IFC – International Finance Corporation? Vermont Law Schoolās John Echeverria & CFA’s Joe Athialy share their views.
