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The echo of the Achmea judgment continues: The ECT is inapplicable with EU law fieldfisher.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fieldfisher.com Daily Mail and Mail on Sunday newspapers.
World Perspectives 2021: a global epoch of revolution is being prepared marxist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marxist.com Daily Mail and Mail on Sunday newspapers.
Gov'ts Must Balance Green Energy, Investment Treaty Duties law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
Advertisement Cairn v. India – Does Cairn Have Remedies in Light of India s Attempts to Remove Funds from Overseas Indian Bank Accounts Monday, May 24, 2021 If a disputing party in an arbitration believes that receiving an arbitration award is a battle half won, wait until enforcement begins. The Cairn v. India 1 dispute is a classic example. BACKGROUND On December 21, 2020, the international arbitral tribunal (Tribunal) constituted in the case of Cairn Energy Plc and Cairn UK Holdings Limited (collectively ‘Cairn’) v. The Republic of India held that India had failed to uphold its obligations under the 1994 Bilateral Investment Treaty between Republic of India and United Kingdom (India - UK BIT) and under international law, by imposing tax liability of ₹10,247 crore and adopting consequent measures taken to enforce the liability. The Tribunal ordered India to pay to Cairn INR 9,000 crore in damages for the ‘total harm’ suffered by Cai ....
Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India Comments Off on Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India 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. ....