Cairn Energy acts to enforce award against India’s overseas assets

Cairn Energy acts to enforce award against India’s overseas assets

Cairn Energy has registered in some countries the arbitration award it won against India in a retrospective tax case, a first step before it can petition court to enforce the award against Indian assets overseas, as per people close to the company. In December, an arbitration tribunal ruled in favour of Cairn Energy in a … Read more

India to study Cairn Energy arbitration award, to consider all options

India to study Cairn Energy arbitration award, to consider all options

India will consider all options including legal recourse after studying the award passed by tribunal in the arbitration case by Cairn Energy Plc, the finance ministry said in a statement on Wednesday. The government will be studying the award and all its aspects carefully in consultation with its counsels, it said. “After such consultations, the … Read more