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CAIRN ARBITRATION AWARD
Gold rush missed: Can India dig its way out of import dependence?India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from...- Air India asks US court to dismiss Cairn petition, says it is prematureThe petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to se...
- India asks US court to reject Cairn's $1.2 billion suitCairn had in May asked a US federal court to force Air India to pay a USD 1.26 billion arbitration award the firm had won in December.
- No proposal from Cairn Energy for settlement of tax dispute : Finance MinistryThe finance ministry acknowledged that an order has been passed by a French court freezing certain Indian government properties in the case...
- Tax fight escalates, French Court reportedly allows Cairn to seize Indian properties in ParisThis comes following India's protracted refusal to abide by the arbitration order that asked the Indian government to pay Cairn $1.2 bn in ...
- Cairn Energy sues Air India in US court to enforce $1.2 billion arbitration awardAir India is the only Indian carrier that flies long-haul flights to destinations such as the United States and Canada. It is unclear wheth...
- India has till mid-April to appeal against Cairn award; challenge only on limited groundsThe award from a three-member tribunal at the Permanent Court of Arbitration at The Hague invalidating India's Rs 10,247 crore tax claim on...
- Cairn mulls ways to monetise arbitration awardAn arbitration tribunal ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute in December and ordered the Indian gove...
- Cairn Energy acts to enforce award against India’s overseas assetsIn December, an arbitration tribunal ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute and ordered the Indian gov...
- US, UK, 3 other courts confirm $1.4 bn arbitration award against IndiaCairn Energy had moved courts in nine countries to enforce its USD 1.4 billion arbitral award against India, which the company won after a ...
- $1.4 bn Cairn arbitration award: FM Sitharaman says its her duty to appealLast year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the po...
- US Court issues summons to Indian government in Cairn Energy payment caseCairn Energy Plc and Cairn UK Holdings Ltd filed a petition in a Washington DC district court on February 12 to confirm the arbitration awa...
- India may give oil field in lieu of $1.4 billion it has to pay Cairn and save overseas assetsFor a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limit...
- ConocoPhillips-styled Indian overseas assets seizure to collect $1.4 bn Cairn awardIn 2019, ConocoPhillips had moved US courts to seize Venezuelan state oil company PDVSA's assets to collect USD 2 billion compensation it h...
- India to study Cairn Energy arbitration award, to consider all optionsThe government's statement followed that from Cairn Energy Plc which said that it had won the arbitration against the Indian government ove...
- Double blow for India. After Vodafone, Cairn Energy wins investment treaty arbitration against New Delhi in 5-year-old tax disputeCairn in March 2015 filed a formal dispute against a demand for more than $1.2 billion from the Indian tax department that dates back to th...
- Is govt waiting for Cairn arbitration award to decide on Vodafone appeal?Sources with knowledge of the development said in case the arbitration panel upholds Indian government's tax demand against Cairn, it would...
- Arbitration Tribunal delays award in Rs 10,247 cr Cairn retro tax case to mid-2020"The Arbitral Tribunal has indicated that whilst it is not yet able to commit to a specific award release date, it expects to be in a posit...
- Cairn arbitration award may be protracted, not expected before 2019"The formal hearings and submissions in respect of Cairn's claim under the UK-India Bilateral Investment Treaty concluded in 2018 and the a...
- Cairn says final drafting of arbitration award against retro tax in processIn an operational update, Cairn said it is seeking monetary compensation of USD 1.4 billion from the Indian government in the arbitration p...
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