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Cairn arbitration award case: Govt gears up to stop Air India asset seizure

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Time to move on

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UK s Cairn hopeful of swift solution in $1 2 bn-plus tax tussle with India

UK s Cairn hopeful of swift solution in $1.2 bn-plus tax tussle with India This month, Cairn filed a case in a U.S. district court to enforce the arbitration award, taking an initial step in its efforts toward recovering duesPremium 1 min read Devjyot Ghoshal , Reuters Cairn said it had held cordial and constructive discussions with officials from the Indian finance ministry The Indian government welcomes Cairn s move to reach out for a resolution but plans to file an appeal against the arbitration award and contest its sovereign right to tax Share Via Read Full Story New Delhi: Cairn Energy Plc said on Sunday it had discussed multiple proposals with Indian government officials in recent days in an attempt to find a swift solution to a long drawn-out tax dispute with the South Asian nation.

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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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Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more

Best of BS Opinion: Life after Covid vaccine, tax arbitration case & more
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