Cairn targets Indian assets in Paris: What is its dispute with Modi govt & why it’s escalated Remya Nair
New Delhi: Cairn Energy Thursday caught the Indian government by surprise after it moved to take ownership of the latter’s properties in Paris. © Provided by The Print
The move was a part of the company’s efforts to enforce the arbitration award of $1.7 billion that it won last year against the Indian government at an international tribunal.
ThePrint explains what the case is about, the prolonged legal dispute between the two sides, and what lies ahead.
What is the dispute about?
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