An international arbitration seated in The Hague and constituted under the terms of the UK India Bilateral Investment Treaty has ruled conclusively on the matter and issued a final and binding award in Cairn's favour ordering the refund of the value of the assets taken, being $1.2 billion, plus significant interest and costs. That arbitration also ruled decisively that this matter falls within the jurisdiction of the UK-India Treaty, having heard arguments from the parties on that subject. Cair