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Cairn not messing about on India

spiderbill
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Cairn not messing about on India

#380624

Postby spiderbill » January 25th, 2021, 2:54 pm

https://uk.finance.yahoo.com/news/cairn-energy-threatens-enforce-arbitration-132746920.html

Cairn Energy are threatening to sieze Indian assets in various countries if they don't get paid the $1.2 bn that the international arbiters awarded them in the retrospective tax law changes dispute. Seems like they expected the Indian government to try to avoid paying up and have taken preparatory legal action accordingly. That should be an interesting watch.

Spiderbill

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