Cairn Energy optimistic amid India's Dutch claim, portfolio revamp
Cairn Energy optimistic amid India's Dutch claim, portfolio revamp Tue, 11th May 2021 10:24 (Alliance News) - Cairn Energy PLC on Tuesday said it "remains confident" in its position amid a long-running tax dispute with India, which has now gone to Dutch courts. A tribunal ruled in favour of Cairn back in December, awarding the oil & gas explorer USD1.2 billion in damages, plus interest and costs. "This ruling is binding and enforceable under international treaty law. Whilst India has sought to challenge the basis of the award through set-aside proceedings in the Dutch courts, we remain conf...
Source: lse.co.uk