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Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India
Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India
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The retrospective tax feud between the Indian government and UK-based oil and gas major, Cairn Energy, is set to get bitter.
Cairn Energy has begun identifying assets of the Indian government to enforce the 
$1.2-billion arbitration award it won in December 2020, according to a March 9 investor communiqué from the firm.
The firm plans to appeal in the courts of different nations, including the U.S. and the U.K., for seizing those assets, if the award is not honored. ....

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