In a tax dispute, Cairn Energy has the legal authority to take Indian assets!
As part of a long-running tax dispute, UK oil major Cairn Energy has been granted the authority to take Indian national resources in France worth more than €20 million (£17 million). As Cairn raises stress on the Indian government over contested tax charges, a French panel has imposed the freezing of roughly 20 homes in […]
Cairn Energy sues Air India to enforce $1.2 bln arbitration award – court filing
Cairn Energy (CNE.L) has sued India’s flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters. The move ratchets up pressure on India’s government to pay the sum of $1.2 billion plus interest and costs that the British firm […]
