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Cairn Energy moves courts in US, UK, Netherlands to get $1 4 bn from India

Company planning to move a Canadian court soon

District of columbiaUnited statesUnited kingdomNew delhiAndhra pradeshUnited kingdom generalNirmala sitharamanSimon thomsonAjay bhushan pandeyLok sabhaAnurag singh thakurCairn energyFranklin templetonAnil agarwal vedanta groupBritain cairn energyAir india

Cairn Energy moves courts in US, UK, Netherlands to get USD 1 4 bn from India

Cairn Energy moves courts in US, UK, Netherlands to get USD 1 4 bn from India
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District of columbiaUnited statesUnited kingdomNew delhiAndhra pradeshUnited kingdom generalNirmala sitharamanSimon thomsonAjay bhushan pandeyLok sabhaAnurag singh thakurCairn energyFranklin templetonAnil agarwal vedanta groupBritain cairn energyAir india

Cairn Energy CEO Thomson to meet FM next week over arbitration award

With the Indian government deciding to appeal against an international arbitration award that went against it, Cairn Energy Plc will directly knock at the doors of the Indian government for honouring of the award verdict. Cairn Energy CEO Simon Thomson would be meeting Union finance minister Nirmala Sitharaman in Delhi next week. The arbitration is now finalised and the award has been given and we would request along with others, that the Indian government moves swiftly to adhere to the award that has been given. That s important, it s important for our shareholders, who are global financial institutions and who want to see a positive investment climate in India, said Simon Thomson in a video address to all stakeholders.

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India loses Cairn case in arbitration; asked to pay Rs 8,000 cr in damages

In a major setback, the Indian government has lost an international arbitration case to energy giant Cairn Plc over the retrospective levy of taxes, and has been asked to pay damages worth $1.2 billion (Rs 8,842 crore) to the UK firm. The verdict came on Tuesday night, barely three months after India lost arbitration to Vodafone Plc over the retrospective tax legislation amendment. The Permanent Court of Arbitration at The Hague has maintained that the Cairn tax issue is not a tax dispute but a tax-related investment dispute and, hence, it falls under its jurisdiction. India’s demand in past taxes, it said, was in breach of fair treatment under the UK-India Bilateral Investment Treaty.

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

India to study Cairn Energy arbitration award, to consider all options SECTIONS Share Synopsis The government s statement followed that from Cairn Energy Plc which said that it had won the arbitration against the Indian government over a tax dispute arising from demand of $1.2 billion from tax department on listing of Indian operations back in 2007. Cairn Energy wins over $1.2bn arbitration award against India at ICJ: What s the dispute all about 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.

United kingdomRavis raghavanCairn energyVedanta groupCairn energy plcPermanent courtCairn united kingdom holdingsCairn india to energyVodafone groupUnited kingdom basedEnergy plcUnited kingdom india bilateral investment treatyCairn indiaஒன்றுபட்டது கிஂக்டம்றவிச் ராகவன்கெய்ன் ஆற்றல்