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Cairn Energy chief executive Simon Thomson CAIRN Energy is set to take ownership of properties worth around £17 million in Paris from the Indian Government in the latest twist in a bitter tax dispute. The Edinburgh-based oil and gas firm is seeking recovery of $1.7 billion (£1.2bn) an international tribunal said the Indian Government should pay to the company, but which the administration has failed to hand over. The move to take control of the properties in Paris is the latest stage in a campaign by Cairn to seize assets owned by the Indian Government around the world. The company ...

Tax fight escalates, French Court reportedly allows Cairn to seize Indian properties in Paris SECTIONS Last Updated: Jul 08, 2021, 04:28 PM IST Share Synopsis This comes following India's protracted refusal to abide by the arbitration order that asked the Indian government to pay Cairn $1.2 bn in damages, plus iinterest and costs. Arbitration case: Cairn Energy secures French court order to seize 20 Indian govt properties in Paris Related A French court has permitted Cairn Energy to freeze several India-owned assets in Paris towards the settlement of the international arbitration order, the F...

July 2, 2021 Every undergraduate PR student knows from their first semester that understanding stakeholders is essential, yet some big corporations appear to have forgotten that basic principle. An independent report in June castigated Woolworths for failing to properly consider the Aboriginal people of Darwin over a plan to build a widely-opposed giant Dan Murphy’s liquor store within walking distance of three “dry” communities. The review, led by commercial lawyer Danny Gilbert, said Woolworths, and its liquor subsidiary Endeavour, failed in engagement with the Aboriginal and Torres...

The ministry said that the government was strongly defending its case against the arbitral award in the The Hague Court of Appeal on several grounds, after it filed an application on March 22, 2021 to set aside the award issued in December 2020.

Explained: Why Cairn Energy is moving to seize Indian assets Explained: Why Cairn Energy is moving to seize Indian assets UK-based oil major Cairn Energy is taking swift steps to seize India's foreign assets. The company recently won a $1.4 billion arbitration award against India. Here is all you need to know. advertisement UPDATED: May 17, 2021 16:20 IST The dispute dates back to 2015 when the Indian government sent a notice to Cairn Energy Plc regarding a retrospective tax demand. (Photo: Reuters) The dispute dates back to 2015 when the Indian government sent a notice to Cairn Energy Plc re...